JPM Trade on Oct 13, 2021 14:14 from Marius: Tradervue User Stock Trades.

Earnings season start with financials reporting. VIX decreased going into the reports with the market finding buyers and a key pivot opening into the quarter. Seasonal trends data show edge for further bid support and momentum into the EOY. Global macro overview looking to be improving with investor risk appetite seen in multiple areas of the market. There also has been a sentiment reset and shift in favor of the bid side.

Fundamentals In Play Analysis

JPMorgan Chase reported a notable EPS beat and in-line revenues with the rapidly improving economy. The stock has rallied since the last report and up 60% from a year ago. Overall this is still a good report with tailwinds on higher interests rates + consumer pent-up demand for spending. Reports should also be in-line with similar institutions within the industry.

Quantitative Analysis

Intraday Fundamentals

RVOL 2.04
AVOL 10.97M
ATR 3.44
Beta 1.16
VIX 18.64
Volatility 1.89% 1.97%
Short Float 0.63%
Shs Float 2.96B
Inst Own 72.10%
Market Cap 480.73B

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 3.274
IV 25.38%
IVP 12%
P/C 0.479
VWAP 161.713

Options Positioning

OI 18956 8694
VOL 8276 2671
Delta .03 .01
Theta -.04 -.01
Vega .01 .00
Gamma .01 .00
Prob T 4.98% 1.53%
Prob ITM 2.47% 0.76%
MMM +/- 3.162
IV Series 28.10%

Earnings Statistics

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(A/B) setup / (B) execution. 1/0.4 RP, conservative/moderate positioning, 10% allocation. The stock reversed day 2 aggressively and was working against my thesis. The model options model showed risk to be moderate at this point. At expiration the closing price was within 1 ATR of my strike. This has been the closest I have let my positions get to the market but I was using more of the model vs. my discretion for exit risk management. I have added some thought in my discretion but keeping in mind the bigger picture. A long hedge position should be an added position after seeing the day 2 reversal. Will keep this in mind in dynamic positioning options. BLK traded higher after their earnings, so this a short end of a pairs trade.