March 15, 2013

JP Morgan (JPM)


Bias: Bullish
Price Target $52.5


We feel bullish on JPM and want to purchase a call spread to take advantage of the possible move higher.


BUY To OPEN 14 JPM Apr-20 52.5 Calls trading at $0.28
SELL To OPEN 2 JPM Apr-20 50 Calls trading at $1.02


JPM is now trading at $49.72
This spread is now trading at $0.96
The Total Debit of this trade is $1.92


Day Order Only

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