We used the 63.14 target shown to get short on Friday. For guidance purposes, I’ll track sixteen December 20 61 puts purchased for 0.18, since that’s what I did in my own account. But you should let me know in the chat room if you did better or worse, since no recommendation of mine will ever assume that subscribers were filled at the best possible price.  I’m going to tie the position to a 0.09 stop-loss for today, but the order will be o-c-o with another to short 16 December 20 60 puts for 0.18. If successful, we’ll have on a $1 vertical bear spread with the potential to produce a $1600 gain without risking a dime. Please note that if the stock pushes above 63.14, a larger bullish pattern would be in play that projects to 64.20 (weekly chart, A=50.25 on 10/11). I plan on shorting even more aggressively there regardless of whether the existing put position has gotten stopped out. _______ UPDATE (December 9, 10:24 a.m.): This morning’s nasty swoon down to 61.58 made it easy to leg into the riskless spread suggested above, since the Dec 20 60 puts trade as high as 0.25. I’ll record an official price of 0.23, based on a report of a 0.25 sale in the chat room. If you didn’t so quite so well, please let me know and I’ll lower the tracking price.  For now, do nothing further. The stock still looks like it’s consolidating.  We have a shot at a $1600 gain on further weakness, but if JPM reverses and heads higher between now and next Friday, as seems likely, there’ll still be at least a small profit in the trade.  ______ UPDATE (December 10, 5:54 p.m.): After posting a note in the chat room, I exited the spread for 0.30 early yesterday, booking a $480 gain. There’s an additional $1120 of profit potential in the position, but I didn’t want to wait around for another week and a day to make it happen.  If you stuck with the short, or a part of it, use the 59.84 downside target shown to guide you in taking profits. _______ UPDATE (December 14, 10:33 p.m.): I’ve revising my downside target to 59.58, so please take heed if you are still short.