JPM Jump Start

[] [The daily rundown of everything happening at Option Pit.]( [The daily rundown of everything happening at Option Pit.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. For the next few weeks, we will focus on earnings and will start with JP Morgan Chase & Co. (Ticker: JPM), which reports pre-market on Friday The earnings per share estimate is $3.40 and the revenue estimate is $35.72 billion … JPM’s morningstar fair value price is $146 versus the $127.89 closing price. The stock is sitting just above its 200-dma, si barring disaster earnings or guidance the stock is cheap. [ If anything, JPM will benefit from the small and regional banking crisis as deposits shift to too-big-to-fail banks and JPM is No. 1 in that category. On a break of the recent low at $123 and a rally back up above the 200-dma at 125.75 it is with a buy. Let's Go! [ Power Income: Job Report Sets Up a Big Week If you can believe in the integrity of the Bureau of Labor Statistics (BLS), the labor market is still very strong. Non-farm payrolls came in at 236k vs. 230k expected and the unemployment rate actually came down .1% to 3.5%. These numbers do not include the impact of the banking stress, however, and the forward-looking employment reports tell a very different story. The bottom line here is this report allows the Fed to remain on the “hawkish” side of things and continue this charade of “everything is fine.” US Treasury Bond Rates spiked higher on the report and this could create some volatility for markets this week … [ [Today, we’ll look at which market may be most impacted by the report and trades to consider.](- Griff Power Moves: EPA News on Vehicles If you regulate it, they will come … maybe. Very soon, the Environmental Protection Agency will release strict vehicle emissions standards for light-duty vehicles that, if implemented, would move the US rapidly towards EV adoption. The standards would ensure that 64% to 67% of all new-car sales in the US would be EVs by 2032. The EPA regulations are coming on the heels of California moving to ban the sale of new gasoline-powered cars by 2035. At the same time, many car dealers report that EV satisfaction is not as cracked up as it seems. Many consumers are seeking to return EVs in favor of hybrid cards. -Frank Profits In Pumps: Bitcoin Breakout Bitcoin (Ticker: BTCUSD) is on a breakout today after consolidating since March 18 trading over $29,000: [ Watch for a close-up here and the ProShares Bitcoin (Ticker: BITO) Apr21 17.50 calls could be a good purchase. - Licia OPTION PIT GLOSSARY [( There are plenty of terms in the trading world that need defining. The [Option Pit Glossary]( is here to help. Today's phrase is: Bank Leverage Ratios: balance sheet ratios that force banks to either hold more capital against risky assets or to ensure they have enough short-term liquidity in times of stressed financial conditions. Three major ratios that were created post the great financial crisis are the Supplementary Leverage Ratio (SLR), the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) ... [( DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. This email was sent by support@optionpit.com to {EMAIL} Click here to unsubscribe | [Manage Preference]( Daily Newsletters ex. Vix Edge, Pit Report, Profit in Pumps, Power Moves, Power Income, etc. Option Pit | 190 S LaSalle Suite 3000 Chicago, IL 60603