JPM
JPMorgan Chase & Co.
stock NYSE

Sold some nice JPM 292.5p Nov 28. I'll gladly hold that shit even if I get assigned lol

Du capst halt deine upside mit nur minimalem downside hedge. Covered call funktioniert am besten in seitwärtsmärkten ohne hohe vola, so etwas gibt es aber fast nicht. Du bist wig immer besser mit underlying plus bissl cash als covered call. JPM hat aber gute marketingabteilung

#"The size of the JPM Option Whale position means that it will dictate market action in the coming week much more than many market participants realize," he says. "All in all, providing gamma to the marketplace will be positive and will tend to drive the stock market higher. No sense overthinking this. The odds favor a move higher."
#-Jamie Chisholm
#Every three months, it layers S&P 500 index options on top of an equity portfolio that closely hugs the index. To offer downside protection, the managers buy put options with strike prices 5% below the S&P 500's market value.Oct 13, 2025
#Morningstar

JHEQX was at 29.50 week of 4-7-2025.
This week its around 35.06, moves about a point here and there, higher is good market is up, yeah if anyone has say $25+- billion to gamble for crashing the market come on out high rolla. A prayer for the 0dte mad gamblers, gtfo at a % level, whatever fits to come back the next day.

Google and JPM are on my wish list but I don’t think we’re even at the beginning of the dump. I think we’ll see something like a mini financial crisis around some bad debt coupled with a major loss of enthusiasm for the AI trade (probably triggered by open AI being unable to raise anymore money and needing a bailout / government guarantee).

> Ripple marketed XRP as a magic settlement token that would replace nostro/vostro accounts and allow instant FX between any two currencies.
it does allow instant settlement between two currencies.
>In reality, using XRP creates more liquidity gaps because it’s volatile,
Volatility is a calculation of the spread X Time in the asset. When you drastically reduce the amount of time required in the asset, you can increase the amount of spread by the inverse of the time saved and you'd still be ahead in terms of volatility....
>XRP also isn’t actual money
Nobody claimed it is, Neither is BTC or USD.
>and banks can’t legally rely on an asset that isn’t recognized as legal tender by any central bank.
source lol. "banks dont use bonds, ETFS or IOUS" is maybe the most incorrect thing youve ever typed.
>Every major bank, FMI and payments network moved to tokenized deposits, stablecoins or direct ledger-to-ledger messaging that doesn’t require any third-party asset like xrp.
Yes they are building their owned walled gardens for internal settlements, the issue they run into is when JPM wants to transact with Santander. Walled gardens dont interoperate very well.
>So is a bridge currency that no one uses a scam?
Your definition of "no one using" is flat out incorrect, there are many such transactions on the ledger. its freaking public you could just look them up, but you choose to remain ignorant or you discredit them because of XYZ reason. You're ignorance doesnt mean you're correct.
> Not legally but economically? 100%
See above point.
>It’s a speculative token whose original use case has been replaced
You dont even have what is original use case was correct... No wonder you get everything else incorrect. its all based on ur false assumptions and lack of knowledge about the topic.
>outperformed, abandoned by banks and abandoned by Ripple itself.
lol "abandoned" by Ripple... lol again announcing you're clueless. let me guess, you're gonna say promotion of RLUSD is them abandoning it? cuse that just highlights you dont understand how to go wide with verticals.
>That’s why it’s a scam. It’s a bank themed meme coin.
So to clarify, its a scam because you misunderstand how it was supposed to be used, how it functions today, what it can be done and who is currently using it.
yeah like I said, its a "scam" because you say its a scam. not being of any actual valid reason

Broadly speaking, I agree.
But the whole private credit industry is fairly opaque so it’s really quite difficult to know how/when/if it unravels. The concern is real but unquantified…
A few additional points not mentioned by OP:
1) **Almost all the private credit funds are levered**, roughly about 2x. The funds raise capital from investors (retail, HNWI, pension funds, etc) with promises of 8-10% yield, which is significantly better than high yield (i.e. sub-BBB rated bonds) at 6-7%. How is it possible to deliver higher returns with lower risks? Financial alchemy.
A. **Riskier Borrowers** These PC funds lend to smaller/medium sized companies that are unrated and would not be able to access credit via traditional lending. The average interest rate is around 8% p.a. (floating). In short, they are risky borrowers with no access to public markets for equity or bond sales.
B. **Leveraged** The PC funds borrow from banks. On average, every dollar raised from investors is matched with another dollar borrowed from banks (with an average rate of 6% pa).
Hence, the funds lend $2 @ 8% =$0.16 in interest income and pay $1@6%=$0.06 interest cost on bank loans, netting $0.10 in net interest income per $1 of investor capital (hence, 10% yield). Blackstone’s BDC (BCRED) discloses a lot of info so you can see all this just by googling.
2) When the private credit industry is growing rapidly, the constant inflow of investor capital (augmented by bank lending to PC funds) allows a lot of these private/nonpublic zombie companies to stay afloat.
Since these loans are privately negotiated, the PC funds are incentivized to grow AUMs for fees (sales incentives, mgt fee and performance fees with carry etc).
As the First Brands collapse revealed, Jefferies knew the company was a zombie and tried to do an “extend and pretend” debt raise to prevent the company from going under. When the debt raise failed, there was no way to hide the shenanigans at First Brands anymore. Many big names like JPM, UBS, GIC lost a lot of money, which goes to show that they relied on the PC fund entirely and had no idea how it was managing credit risks.
Also, payment in kind arrangements are rampant (i.e. credit terms are weak). We simply don’t know how many PC loans are extended to zombie companies. As worries about PC industry grow due to Tricolor and First Brands, investors are reticent to commit more capital to this space. Over the next few years, as the 5-7 year lockup expires, investors will want to get their investment principal back so we shall see if the borrowers have the internal cashflow to pay down their debt. As Buffett said, when the tide goes out, you’ll see who has been swimming naked.
Any macro event (AI asset bubble bursting, recession, etc) that triggers tough times will put a lot of the PC borrowers at risk. While most investors in PC funds cannot demand their money back before lock-up expires (only those with investments in BDCs can redeem at will), any prospect of capital loss on their PC investments will trigger risk management controls to reduce risk in other areas. If they can’t liquidate the illiquid assets, they will have to liquidate publicly traded risk assets….
TL;DR The private credit industry is not small and most of the loans are made to weaker companies without access to public markets or traditional bank lending. Banks lend to private credit funds (with first lien) so the funds are levered. After years of growth, many funds will need to return capital to investors so the borrowers will need to find cash to do so. It is unclear if they can do so. If not, many private credit funds and their investors may need to book credit losses.

JPM said the average was 94k
I've seen estimates as low as 70k, as well

I think there's just too much variation here. SOME miners may drop, but I really doubt most miners have costs in the 90s.

Stable compounders then, if everything was on an equal sale Id buy the stuff with the most certain future, which is kind of the opposite of your list. If everything I buy is expected to beat the market I'd buy the ones least likely to have some major disaster. Companies that are widely diversified, have multiple growth engines and bright and certain futures. Google, Amazon, Berkshire Hathaway, Microsoft, Apple, ASML. Honestly if it had the margin of safety I wanted I suppose I would buy Palantir. Broadcom and AMD I would happily buy at the right prices. JPM is my favorite bank stock so if everything was on sale I'd go for them.

Pretty sure there were posts here when the JPM and MS execs said there would be a correction and there are liquidity issues. Otherwise just pick any big news outlet like NYT and check the financial stuff a couple times a day; ignore all the other news. Things like the secret walstreet / fed meeting last Saturday was reported there; and the debt financing boom of the last 3 months. Scroll back thru those posts on an outlet and find one that retroactively reported all this and subscribe to them.

As others have said, roll it over. If you don’t have a good banking relationship, consider rolling it to Merrill Edge (BofA’s self directed brokerage). That will get you BofA Gold status with some perks and close to platinum (more perks).
Merrill isn’t a great brokerage (and sometimes infuriating, but often for more intermediate/advanced stuff), but keeping enough there for BofA status is often worthwhile.
I like Fidelity better for a pure brokerage, but I already have high rewards tiers at BofA and JPM Chase (with IRAs being the assets that qualify me for them). When you’re comfortably over the minimum for a tier that is useful to you, that’s when I’d look at Fidelity (or similar).
For the banks, you generally get a small bonus (into the retirement account) when you roll something over to them. You need to sign up with that promo code, and I’m not sure if Merrill would give you one going from their plan side to an individual account (never done that particular rollover; maybe someone knows).

6 reasons:
Broken Trend: The S&P 500 finally slipped below its 50-day moving average, flipping quant algorithms from buy to sell
Tech Fatigue: The rally was top-heavy, relying on NVDA, META, and AMZN. Now, investors demand proof that Al spending is converting to real revenue.
Crypto Contagion: Bitcoin's recent drop is raising broader market anxiety.
Job Market Cracks: Mass layoff warning notices surged to levels not seen since before 2008.
Private Credit Woes: The $2T private credit market is showing defaults and valuation issues (BlackRock/ JPM loan losses).
Fed Uncertainty: Rate cut expectations have vanished, and markets hate not knowing the Fed's next move.

Lmao JPM isn't going down

I can also confirm this for you: JPM blows.

Mms are the ones playing against the people they sold puts to.
Turns out the big player was a big bank like JPM or GS.
We will bounce tomorrow and it will be vicious.

Yes. The main reason why I still like MF's are no trading fees in and out with TD, so depends on who you bank or invest with, every cent makes a difference. Now that I know more, I would consider buying some individual stocks, like BN or some banks (NA, RBC, JPM), maybe even some MSFT which has outperformed the market over time.

dimon has already racked up multiple felonies for JPM so he will probably weasel out of it

Thanks for confirming. JPM blows.

Man, not related but watching that old guy make an educated assumption that Epstein was a major contributor to the bitcoin core project is nuts. Especially with all the illegal activity that bitcoin was used for in the early days. Imagine if Epstein was satoshi? All this shit being connected to JPM wouldn’t be that out of the ordinary.

Trying to buy this specific call and strike/expiration instead of GME (non-warrant) calls. What is this error message and will it go away or is JPM essentially saying "we don't support buying GME1" ?
I'd prefer GME1 over GME even though it is less liquid because I want exposure to warrants. I do have illiquid options concerns, but willing to take that risk.

Yeah, and JPM is the custodian of SLV. MAKE THAT MAKE SENSE.