CNBC’s Options Action Trade for Jan 8th, 2018 – J.P. Morgan (JPM)

On Friday’s CNBC’s Options Action, the crew analyzed the performance of the bank sector and J.P. Morgan (JPM). Financials and major banks have underperformed the market a relative basis over the year. JPM has made new high’s over the past month, but has failed to beat the market on an absolute basis. Coupled with an above average valuation, expectations are muted going into earnings, Michael Khouw suggests buying a March 105/100 Put Vertical for a $1.15 Debit.

We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: JPM Options Action

View this OptionsPlay on JPM

Learn to Trade Options w/ OptionsPlay’s new Educational Webinar Series!