JPM has been beaten down to its 200-day average at 325; with earnings due, if results come in a little better than feared there may be a modest bounce, though the stock is normally priced for perfection into earnings and the speaker is not taking options into the report.
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You come in this week, we got bank earnings uh tomorrow. You got JP Morgan, Goldman Sachs.
Some guys bought JP Morgan versus 200 day, Goldman Sachs verse that bottom tail. And now you got to see where we are tomorrow. So, they're already starting that bounce.
or JP Morgan gave you a few trades versus a 200 day. In my uh, you know, in my um, experience, it's hard to make money in JP Morgan in options for earnings. It's so damn sloppy.
You could just trade it. But usually when JP Morgan comes out with earnings, it's like up here and it's priced for perfection. Now, it's been beaten down to the 200 day. So, hey, if it's a little better than feared, maybe there's, you know, a bit of a bounce.
I'm not taking options into it. I'll probably trade after. But here is 325 the 200 day.
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T3 Live has only this one call on this stock.