J.C. Penny (JCP) Oversold Bounce
Let’s begin with the fact the JCP may just go bankrupt and that we have no intention of buying the common stock. That being said we might use call options to trade JCP. Unlike Bill Ackman I have no intention of losing my shirt in this trade.
I have provided a very brief video the risk to reward of trading JCP using technical analysis and the stock charts. A longer and detailed video was sent to my members today. Sign up for the 14 Day Free Trial offer to receive detailed trade analysis and real time trade alerts.