#BullPutSpreads – I’ll take a shot…been wanting to get long another bank as a possible long term covered call position so going aggressive. Whiz is still bullish on the banks out over the next year or two so I guess I’ll take a small position.

Sold JPM JAN 13 2017 90.0/85.0 Bull put spreads @ 3.20

Worse case scenario is I end up with stock about 1.80 below where it’s trading. If we open up down 20 tomorrow I’ll book the long put profit and take the stock with the short put. Big blowout to the upside and it’s a quick winner.