“The Big 3: JPM, TLT, GM”
JPM has high uncertainty; speaker takes a sell position despite record highs.
We have JPMorgan Chase stock as your first choice. What do you see in JPMorgan Chase right now? Uncertainty. A lot of uncertainty. Not only JPMorgan, but the entire financial services sector (XLF) has surprisingly seen strong buying activity.
With regard to JPMorgan specifically, I am less interested in the technical aspects. I know the stock is currently at a record high, but I will simply take a sell position. On November 20th, I will buy put options at 340.
I will sell put options at 330 for them. This is a price difference of $10, executed at a cost of $2.90.