Trade of the Day: JPM 5k Dec Put Fly 18/23/28

JPMorgan Chase & Co. JPM – 5000 of the December 18 / 23 / 28 put flys were bought for $0.39. The maximum profit comes at 23.00 or 31.16% below the current price.

The chart above shows the break even points in white and max profit in green.


http://seaofopportunity.blogspot.com/ 


 *Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow! No position at this time. 


Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Trade of the Day: Put Butterflies

The Trade
A trader bought the EFA August $54/$57/$60 put butterfly 9,500x19,000 for a $0.45 debit, or $427,500.

Trade of the Day: Silver May $34/$36/$38 put butterfly 25,000x50,000

The Trade

A trader bought 25,000 May $34 puts at $0.41, sold 50,000 May $36 puts at $0.78, and bought 25,000 May $38 puts at $1.46 for a debit of $0.31 or $775,000.