What’s that mean?
”The presumption is a big move to the upside, get long,” counseled Worth.
OPTIONS
However, options investors are just slightly more cautious, according to the Pit Boss, Pete Najarian
He said, "options markets are not expecting a very big move out of JPMorgan. We’ve had big moves in the past, (but I’m) not expecting it this time. I tend to be bullish right here, but I don’t expect a very large move from JPMorgan."
What’s the trade?
I think JPMorgan sets up nicely, says Joe Terranova. I expect the stock to go north of $50.
I love this story long-term and I’m a buyer after earnings, says Karen Finerman.
If you’re looking for a bank trade I prefer long BofA, says Pete Najarian.
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Trader disclosure: On Apr 12, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Grasso Owns (AAPL), (C), (BAC), (WMT), (T), (LPX); Karabell Owns (FCX); Karabell Owns (AAPL) ; Jon Najarian Owns (PALM) options; Jon Najarian Owns (CAR) options; Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C); Terranova Owns (HES), (TER), (AXP), (MOS), (APA), (YHOO); Terranova Is Short (LCC); Pete Najarian Owns (AA) Call Spread ; Pete Najarian Owns (BAC) Calls; Pete Najarian Owns (C) Calls; Najarian Owns (DD) Call Spread ; Najarian Owns (DOW) Call Spread; Najarian Owns (LVS) Call Spread; Najarian Owns (MRVL); Najarian Owns (PCX) & Short (PCX) Calls; Najarian Owns (STX) Call Spread; Najarian Owns (TSO) Calls; Najarian Owns (YUM) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leap; Finerman Owns (BAC), (JPM); Finerman's Firm Owns (TJX), (BBY), (JPM), (AEO), (IBB)
Other Relevant Disclosures:
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Stuart Frankel & It's Partners Own (LPX)
Stuart Frankel & It's Partners Own (SDS)
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