BY LICIA LESLIE
September 15, 2023
Hi Shoppers,
JP Morgan Chase (Ticker: JPM) has had a nice pop which we were able to take advantage of in my Option Shopper trading program.
We paid $1.14 for the Sep22 148 calls on Wednesday and sold them yesterday for an average of $2.17.
That’s over a 90% gain.
And I think JPM has more room to run on the upside.
Check out the chart:

If it opens higher this morning, I will be looking at next week’s 150 calls:

Now, if you were an Option Shopper member, I would be giving you the reasons for my trade strategy, exact instructions on entry and exit levels, the next resistance level, and where to place your stop loss.
Come join us on our Shopping Sprees.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
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OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain