TNT Social Posts
Price Break Provides Option Profits in $JPM
In our TNT Options Trading Service on April 15th, we talked about J.P. Morgan (JPM). We suggested simple targets for $JPM if it should break and make a run either above or below its $110 flat-line. After hitting resistance above $111.50 after leaving a gap on earnings reactions, and leaving an “inside day” candle, would […]
In our TNT Options Trading Service on April 15th, we talked about J.P. Morgan (JPM).
We suggested simple targets for $JPM if it should break and make a run either above or below its $110 flat-line. After hitting resistance above $111.50 after leaving a gap on earnings reactions, and leaving an “inside day” candle, would shares of JPM power through and leave the bears in the dust or was the inside day a pause that could lead to something more?
JPM would open the next day and trade higher to close above the flat-line. Call buyers got the signal that resistance had been violated on a closing basis, and were rewarded the very next day as the stock roared higher!
Subscribers took advantage of this opportunity and were able to profit an average of 279% on the upside, including some rolls, using discipline and a strategy involving their flat-lines and momentum.