A Profitable Short

I just took more than a ten dollar gain on my JPMorgan ($JPM) short.

Covered first tranche at $337.46 and the balance at $335.95.

Position: None

Superficial Instant ‘Analysis’

The superficial instant “analysis” of JPMorgan’s ($JPM) EPS report resulted in a +$5 gap higher in the share price.

I aggressively shorted JPMorgan in the premarket (after the EPS beat, more on the ratonale shortly!) at $338.50.

Position: Short JPM (S)