Quick Short scalp before ER ON JPM

Apr 8, 2019

Open short position at $106.59
Stop loss at $107
Take profit at $104.76

If you want to test my strategy out,
try to paper trade this, get the mobile paper trading app call webull, see link below.( it's like robinhood with free trading but they have paper trading feature on the app.)
copy and paste this in address link for free stock and paper trading. act.webull.com/i/7e5Q6QYdcXz1

Why this play?
JPM has Earning coming up, plus they just paid dividends. If there's anything about financials, everyone is scare to hold these stocks during ER so expect to see a sell off until after their er date this week.

More about our plays
Everything I charted out is something that I am personally betting my money on along with my clients and our group.
if you choose to play it out and it work's out for you.
Im glad that we both make money =), if it doesn't work out, I am sorry. These play's are always to minimize loss while maintaining a higher reward.

I personally play these on common stocks but you can find an option play for them too.
Just make sure to buy 2 week out expiration, not too close to the money so you don't get kill by theta and delta.
if the stock is at $50, do like 5% out ($47.50)

Apr 9, 2019

Trade active

Started short position a bit early at $106 based on XLF

Apr 9, 2019

Trade closed: target reached

Closed at $104.7. easy money