JPM Weekly ChartJP Morgan (JPM): Bought Mar 09 put. It may be moving to challenge the previous low. It has broken a smaller rising flag a month ago. Support 20/16.
Friday, January 9, 2009
JP Morgan (JPM)
First trade of the year. Still looking out for a strong trend. Without strong trend, the options have a higher probability of expiring without making any significant movement.
JPM Weekly Chart
JP Morgan (JPM): Bought Mar 09 put. It may be moving to challenge the previous low. It has broken a smaller rising flag a month ago. Support 20/16.
JPM Weekly ChartJP Morgan (JPM): Bought Mar 09 put. It may be moving to challenge the previous low. It has broken a smaller rising flag a month ago. Support 20/16.
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