KDK Options has purchased call options for JP Morgan. The August (first week) $60.00 call options were purchased for $0.27. The goal of the trade is $2.50. The stock is currently trading at $57.73. The reasons for the trade include:
- An upward pressure on the stock technically
- Improving economic conditions in the US
- Earnings season coming within the time frame
- Financial Industry looking to experience growth
If you would like to contact KDK Options, you can leave a comment, email at kdkoptions@gmail.com, twitter @kdkoptions, or find us on Stocktwits @kdkoptions.
** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. **
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