One of the best run financial institutions on the street. Let’s look at the banking situation. The interest rates are up, is that good for bad for a bank? The stock is selling at roughly 11.50% times earnings. As the lead Sensei at optionsdojo I suggest we make this one of our select stocks for the week of the 24th of December.
For our options trade we are selling the December 28, 90 puts. AS the market is oversold and it continues to try and find the bottom we want to see if the stock can come to us. The yearly low on JPM is $93.68 and as we are close to that price we are looking for support. A drop to $90 would be another 4.25% down from it’s current price. The stock is expected to earn $8.00 per share that a darn good earnings per share ratio.
If the stock is put to us, we will add it to our core holdings for 2019.
As always consult your advisor before investing of any kind. Options are not suitable for all investors and people can and do lose money. Our suggestions do not come with any warranties or guarantees of performance.