CLOSING the $JPM Options Action trade - mike

20 july - with no updates from options action and mike via twitter as usual , this trade will be another max loss with the stock trading at 34ish at noon. risk less to make more

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28jun - if your still holding this trade from mike khouw you are on a 20% loss right now. keep those fingers crossed hoping for OptionsAction to give you an update on what to do.

click-->https://twitter.com/Mark_Lexus to follow on twitter

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22may - on tonights fast money, mike has a trade on JP Morgan, here is the video clip -->> video clip

Buy the July 35 calls for $1.65

Listening to his commentary about how the option prices are elevated makes me think that every other time those comments are thrown out there they argue that to mitigate that you should buy a call spread. surprised he is not doing that here. saying that you are mitigating your downside if stock rolls over again by buying this call is just another way of saying that all you can lose is $1.65...yeah, no shit captain obvious.. its also called a total loss. you could use a higher strike and pay less and risk less too if you follow that logic. Not exactly risk less to make more. of course the stock could go up a $1-2 tomorrow and the trade will be good winner but paying out $1.65 to me..$1650 on a 10lot is a good chunk of change, would look for a lower cost way to enter a long thesis, first off would look at call spread, then price out call butterfly and compare to call calender.. risk less to make more. Positive part of mikes trade is he goes to the July opex to give himself some added time to let this trade workout.

google docs spreadsheet of mikes OptionsAction trades -->> spreadsheet