JP Morgan Offering Possible 6.16% Return Over the Next 25 Calendar Days

JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 6.16% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for JP Morgan is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for JP Morgan

Morgan Stanley and Citi Got SEC Inquiries on Foreign Hiring
Wed, 27 Nov 2013 05:32:15 GMT
The Wall Street Journal – U.S. authorities are stepping up their probe of Wall Street firms' hiring practices abroad, sending letters seeking information from major financial firms including Morgan Stanley and Citigroup, according …

Exclusive – JPMorgan tried but failed to satisfy Fed on metals warehousing – letters
Wed, 27 Nov 2013 05:17:16 GMT

Timeline: JPMorgan and its Henry Bath metals warehouse
Wed, 27 Nov 2013 05:04:53 GMT
Reuters – NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co (JPM) decided in May to divest its Henry Bath metal warehousing company after a three-year struggle to conform the business to banking regulations, according to letters received by Reuters through a Freedom of Information Act request. Here is a timeline of the significant events surrounding JPMorgan's negotiations with the Federal Reserve after the bank bought the business in 2010. JPMorgan put its entire physical commodities trading business up for sale in July. July 1, 2010 – JPMorgan acquires Henry Bath as part of its RBS Sempra purchase.

Exclusive – JPMorgan tried but failed to satisfy Fed on metals warehousing: letters
Wed, 27 Nov 2013 05:03:34 GMT
Reuters – LONDON/NEW YORK (Reuters) – The U.S. Federal Reserve was pressing JPMorgan Chase & Co (JPM) to distance itself from its metals warehousing business more than a year ago, documents seen by Reuters show, long before the issue became a focal point in the debate over Wall Street's role in physical commodities trading. A series of letters between JPMorgan's lawyers and the Fed, released to Reuters through a Freedom of Information Act request, show Wall Street's primary regulator took a tough stance on the bank's efforts to hold onto the global network of Henry Bath & Sons warehouses, part of the larger RBS Sempra commodity trading business it bought in mid-2010. The correspondence shows the Fed balked at JPMorgan's request to turn the one-time trading assets into a strictly arms-length financial investment back in June 2012, and told the bank it must provide quarterly updates on what it was doing to either comply with banking rules, or sell the business.

TIMELINE-JPMorgan and its Henry Bath metals warehouse
Wed, 27 Nov 2013 05:01:01 GMT
Reuters – UK Focus – NEW YORK/LONDON, Nov 27 (Reuters) – JPMorgan Chase & Co (NYSE: JPM – news) decided in May to divest its Henry Bath metal warehousing company after a three-year struggle to conform the business to banking regulations, according to letters received by Reuters through a Freedom of Information Act request. Here is a timeline of the significant events surrounding JPMorgan's negotiations with the Federal Reserve after the bank bought the business in 2010. JPMorgan put its entire physical commodities trading business up for sale in July. July 1, 2010 – JPMorgan acquires Henry Bath as part of its RBS (LSE: RBS.L – news) Sempra purchase.

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