Breakdown of the JPM Collar expiring Sep 30 2025 for SPY SPX

Breakdown of the JPM Collar expiring Sep 30 2025 for $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

Short Puts @ 4,955

Purpose: Earn premium to help pay for the long put.

Risk: JPM would be forced to buy SPX below 4,955, leading to significant losses if SPX falls too far.

This level is critical downside support. Markets might bounce if we test this.

Long Puts @ 5,870

Purpose: Protect JPM's portfolio if the market drops below this level.

Effect: Starts making money as SPX drops below 5,870.

This is the beginning of JPM’s hedging zone.

Short Calls @ 6,505

Purpose: Caps upside in exchange for premium to finance puts.

Risk: JPM loses money if SPX rallies above 6,505 (they're short calls).

Acts as a ceiling/resistance. Dealers may need to short futures as we approach it pushing price down.

Image

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Markets might bounce if we test this.</p><p>Long Puts @ 5,870</p><p><strong>Purpose:</strong> Protect JPM's portfolio if the market drops below this level.</p><p><strong>Effect:</strong> Starts making money as SPX drops below 5,870.</p><p>This is the beginning of JPM’s hedging zone.</p><p>Short Calls @ 6,505</p><p><strong>Purpose:</strong> Caps upside in exchange for premium to finance puts.</p><p><strong>Risk:</strong> JPM loses money if SPX rallies above 6,505 (they're short calls).</p><p>Acts as a ceiling/resistance. Dealers may need to short futures as we approach it pushing price down.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ebfedc332d87296bb23191d1ff2db2b4\" tg-width=\"680\" tg-height=\"347\"><span>Image</span></p><h3 id=\"id_2845563077\">For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p>Breakdown of the JPM Collar expiring Sep 30 2025 for  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> </p><p>Short Puts @ 4,955</p><p><strong>Purpose:</strong> Earn premium to help pay for the long put.</p><p><strong>Risk:</strong> JPM would be forced to buy SPX below 4,955, leading to significant losses if SPX falls too far.</p><p>This level is critical downside support. Markets might bounce if we test this.</p><p>Long Puts @ 5,870</p><p><strong>Purpose:</strong> Protect JPM's portfolio if the market drops below this level.</p><p><strong>Effect:</strong> Starts making money as SPX drops below 5,870.</p><p>This is the beginning of JPM’s hedging zone.</p><p>Short Calls @ 6,505</p><p><strong>Purpose:</strong> Caps upside in exchange for premium to finance puts.</p><p><strong>Risk:</strong> JPM loses money if SPX rallies above 6,505 (they're short calls).</p><p>Acts as a ceiling/resistance. Dealers may need to short futures as we approach it pushing price down.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ebfedc332d87296bb23191d1ff2db2b4\" tg-width=\"680\" tg-height=\"347\"><span>Image</span></p><h3 id=\"id_2845563077\">For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p></body></html>","text":"Breakdown of the JPM Collar expiring Sep 30 2025 for $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Short Puts @ 4,955 Purpose: Earn premium to help pay for the long put. Risk: JPM would be forced to buy SPX below 4,955, leading to significant losses if SPX falls too far. This level is critical downside support. Markets might bounce if we test this. Long Puts @ 5,870 Purpose: Protect JPM's portfolio if the market drops below this level. Effect: Starts making money as SPX drops below 5,870. This is the beginning of JPM’s hedging zone. Short Calls @ 6,505 Purpose: Caps upside in exchange for premium to finance puts. Risk: JPM loses money if SPX rallies above 6,505 (they're short calls). Acts as a ceiling/resistance. Dealers may need to short futures as we approach it pushing price down. Image For whom haven't open CBA can know more from below: 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly! Find out more here： Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading. 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?","highlighted":1,"essential":1,"paper":2,"likeSize":193,"commentSize":0,"repostSize":10,"favoriteSize":0,"link":"https://ttm.financial/post/452146508898464","repostId":0,"isVote":1,"tweetType":1,"viewCount":1263,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX","SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1012,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/452146508898464"}