Sep. 10 at 6:30 PM
$JPM looking pretty mixed today
Despite the green day with a gain of 0.8 percent, we're seeing concentrated put demand
Around 2,220 Sep 19
$285 puts and 1,353 Sep 12
$290 puts came in, signaling some caution
JPM’s upgrade in Q3 investment banking revenue to low double digits is a positive
Still not enough to clear the uncertainty
Buyers need to push through the
$300 strike which had call demand yesterday to shift the momentum
Directional conviction is low right now
Best to wait for clearer price and flow alignment before making any big moves
Keep an eye on how this plays out