Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Masters Trade Alert: JPM

I am recommending we roll our JPMorgan Chase (JPM) put to a higher strike while keeping the expiration date the same to reduce our net debit.

And let’s book a profit on our JPM spread.

JPM Apr Week Four (4/22) 120 Put

Current Stock Price: $130.50

Net Debit: $0.50

Action:

  • Buy to close the JPM Apr Week Four (4/22) 120 Put for around $0.03
  • Sell to open the JPM Apr Week Four (4/22) 127 Put for around $0.35
  • Set initial credit limit at $0.32, but adjust as needed to roll today

New Net Debit: $0.18

JPM Apr Week Five (4/29) 120/115 Put Spread

Cashin Hand: $0.38

Action:

  • Buy to close the JPM Apr Week Five (4/29) 120 Put for around $0.22
  • Sell to close the JPM Apr Week Five (4/29) 115 Put for around $0.08
  • Set initial credit limit at $0.14, but adjust as needed to roll today

Profit: $0.24, or $24 per spread

Go to Top
×