Hamzei_Analytics · @HFT_StockOption
10th Jul 2013 from TwitLonger
JPM Trade
HFT_Stocks_Options_Alerts@hamzeianalytics.com; on behalf of; Pablo Navarro [Pablo@HamzeiAnalytics.com]
Wed 7/10/2013 2:12 PM
July 10, 2013
JP Morgan (JPM)
Bias: Bearish
Price Target: $52
We are bearish on JPM near term and believe previous quarter was challenging and EPS will be lower than expected. Given the volatility in the weekly options we believe we can take advantage of a possible move lower by creating a backspread
SELL To OPEN 1 55 Jul-12 Put trading at $0.82
BUY To OPEN 6 54 Jul-12 Puts trading at $0.36
JPM is now trading at $54.72
This Spread is now trading at $1.34
The Total debit for this trade is $1.34
Do not pay over $1.50 for this trade
Day Order Only
All the best;
Pablo Navarro
HFT Options Strategist
Hamzei Analytics, LLC
Tel: (310) 306-1200
Fax: (312) 278-0333
Twitter: @pnavarro88
Email: Pablo@HamzeiAnalytics.com
GMail: HamzeiAnalytics@GMail.com
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