Gov. suing JPMorgan Chase & Co. Ticker (JPM). stock opportunity?

September 5, 2011 / Ken Bailey

I like trading JPMorgan Chase & Co. (JPM).

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The option chains have always made it easy to trade. JPM, along with a bunch of other financial institutions, is now being sued by the government for taking advantage of legislation that made it attractive to loan money to people who could not afford it. I have to laugh at the irony that the entity responsible for creating the opportunity is suing the entities that took them up on it. Don’t think that I like what either entity did, I don’t. I’m sure going to try to profit from the move in the financial sector regardless.

Ken Bailey
OptionsANIMAL Instructor

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