I closed $JPM VERTICAL 240419 CALL 205.0/CALL 210.0$  ,JPM: close the bear call I sold on 1st April with 98% of the maximum profit collected on the premium about 1 week before expiry. When I opened this trade, I shared about how the stock had moved up >40% in recent months and was approaching the $200 resistance zone. It was also a good volatility ahead of earnings result announced on 12th April where Q1 should be good and whether the stock continue to rise or profit taking depends on the outlook. Seemed like the latter scenario came true to mixed signals on the economy outlook and JPM was down >6% after earning to $182.79 therefore allowing the earlier profit taking on these option contracts.
JPM Vertical
04-13 01:25
US205.0/210.0
SidePriceRealized P&L
Debit
Close
0.02--
Closed
JPM VERTICAL 240419 CALL 205.0/CALL 210.0
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  • JessieTheresa
    ·04-15
    TOP
    Smart move, especially with the mixed signals on the economy outlook.
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    • Terra Incognita
      Thanks! Glad it works according to trade plan
      04-20
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  • JeromeErnest
    ·04-15
    TOP

    so what is your target price of JPM in the long period

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    • Terra Incognita
      I dont have a price target for JPM as I trade based on chart for this one.
      04-20
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  • twinkle5
    ·04-15
    TOP
    Looks like you timed that JPM trade well!
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  • JeromeErnest
    ·04-15
    TOP

    u hit the rhythm accurately

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    • Terra Incognita
      Thanks! Seems to work this time round. Game of probability, can go either way.
      04-20
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