CLOSING $JPM Options Action trade - dan

1 june -  thought this one would be dead and buried already since per dans public tweets and posting on his website he closed out of this trade 2weeks ago.  had to call bullshit on cnbc today for revisiting this trade in order to make everyone look good on TV.. as you can see below and on the spreadsheet, Dan did not make 300% on this trade as melissa said.. would have been accurate if she rephrased that piece and said the trade is "up 300% if you still held it" or something to that effect. it was a good trade but why the need to embellish the facts?? Disappointed that Dan was not upfront about that he closed this trade already much lower than the graphics displayed.. not a big deal but CNBC should have been more transparent about it..but why start now. "constant trade updates" .. heres tonights clip JPM clip


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18 may - per dans tweet today, closed rest of this position at 1.25 for a good win and fully transparent. here is his note on it from his site: Risk Reversal



17may - per Dans twitter message, hes closing half of this position at $1.00 to get the initial cost back, letting rest run. here are his comments from his website: Risk Reversal

google docs spreadsheet for dan's optionsaction trades: spreadsheet



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11may show, dan puts on a "put spread" for JP morgan. im avoiding the financials myself, too much headline risk etc. , but i like dans trade. low risk,low premium trade. here is the video clip video clip

Buy the June 36/34 put spread for .50

risk reward is 3 to 1, so max profit if stock is below 34 at june opex is $1.50 so for 10 lot, you pay $500 to make a max of $1500. if stock moves in dans favor im sure he will take profits on some to get his money back and let the rest run. you dont have to hold it to opex.. as stock moves down you will profit some but not the full $1.50.  risk less to make more