{"id":7785,"date":"2017-03-27T08:32:15","date_gmt":"2017-03-27T12:32:15","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=7785"},"modified":"2017-03-27T08:32:15","modified_gmt":"2017-03-27T12:32:15","slug":"proactive-spreads-march-27th-2017-jpm","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/proactive-spreads-march-27th-2017-jpm\/","title":{"rendered":"Full Time Profits, March 27th, 2017 – JPM"},"content":{"rendered":"

\"\"<\/p>\n

Stocks are set to gap down a little more this Monday morning.<\/p>\n

As for the reasons why… honestly, it doesn’t really matter.<\/p>\n

The market hadn’t had a decent pullback since November. After we saw some profit taking, then our lizard brains began to attach a “reason” behind it, because simply saying “profit taking and rebalancing” doesn’t make for a good story.<\/p>\n

So the main driver we’ve anchored on here is US legisltative voodoo. Whether or not this is actual market moving news doesn’t matter. This is behavioral\u00a0finance 101.<\/p>\n

Right now, I think the market needs to punish the early dip buyers, and that’s probably what is going to happen. This pullback really hasn’t been a big one, and a 5% move off the highs would take us to 2300 which would be a much better “stretch” target.<\/p>\n

Trade #1: JPM<\/h2>\n

\"\"<\/p>\n

The early dip buyers of large cap financial stocks should be punished here. When we have a volatility pivot (big downside move) like we did the past week, it rarely is a one-off event. If we can get one more shakeout to the low 80’s then we’ve got a great risk-reward setup.<\/p>\n

Trade Setup<\/p>\n

Expected Price: 82.50<\/p>\n

Sell to Open JPM May 77.50\/75 Put Spread<\/p>\n

Tier 1: Open at 0.35, Close at 0.10<\/p>\n

Tier 2: Open at 0.50, Close at 0.35<\/p>\n

Tier 3: Open at 0.70, Close at 0.50<\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks are set to gap down a little more this Monday morning. As for the reasons why… honestly, it doesn’t really matter. The market hadn’t had a decent pullback since November. After we saw some profit taking, then our lizard brains began to attach a “reason” behind it, because simply saying “profit taking and rebalancing” […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7785"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=7785"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7785\/revisions"}],"predecessor-version":[{"id":7789,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/7785\/revisions\/7789"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=7785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=7785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=7785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}