JP Morgan (JPM) Offering Possible 56.25% Return Over the Next 22 Calendar Days

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JP Morgan’s most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 56.25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock dropped below the $160.00 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 at 44.08 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for JP Morgan

Jamie Dimon’s Latest ‘Joke’: JPMorgan Will Outlive China’s Communist Party
Wed, 24 Nov 2021 11:13:00 +0000
JPMorgan Chase & Co. CEO Jamie Dimon joked Tuesday that his bank would outlive the Chinese Communist Party, and said he hoped it would operate in China “for a long time.” Dimon noted that both JPMorgan (ticker: JPM) and the ruling Chinese Communist Party were founded in 1921. The JPMorgan CEO noted that he wouldn’t be able to say the same thing on the Chinese mainland.

UPDATE 1-Jamie Dimon jokes that JPMorgan will outlast China’s Communist Party
Wed, 24 Nov 2021 04:58:12 +0000
JPMorgan Chase and Co’s Chief Executive Officer Jamie Dimon joked on Tuesday that his bank would last longer than China’s Communist Party. JPMorgan has been operating in China since 1921, the same year the Communist Party was founded there.

JPMorgan says this cryptocurrency is a better buy than Bitcoin as interest rates rise — here are 3 easy ways to invest
Tue, 23 Nov 2021 22:30:00 +0000
The cryptocurrency’s growing applications make it less susceptible to the interest rates.

Mohamed El-Erian says the Fed’s inflation screwup will ‘go down in history’ — but he’s using these 3 stocks to take advantage
Tue, 23 Nov 2021 22:30:00 +0000
The economist and adviser at Allianz SE says high inflation is here to stay.

Jamie Dimon jokes that JPMorgan will outlast China’s Communist Party
Tue, 23 Nov 2021 21:02:54 +0000
(Reuters) -JPMorgan Chase and Co’s Chief Executive Officer Jamie Dimon joked on Tuesday that his bank would last longer than China’s Communist Party. JPMorgan has been operating in China since 1921, the same year the Communist Party was founded there.

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