JPM Investment Banking Personal Investing Policy and Options
Hi all,
Got a lateral offer for JPM for IBD. One thing I have not been able to get a clear answer on is if selling index options is permitted and the HR person says they can’t share the actual PAD policy until I start.
Would someone at JPM in IBD be able to tell me if you are permitted sell options on broad based etfs like spy or index options like SPX, NDX etc.? Is it completely restricted? Do you need pre-approval for ETF/Index options? Is there a min holding period for options, etc.?
Many thanks in advance
Hey there,
Based on the most helpful WSO content, it seems that ETFs do not require a 30-day minimum hold or prior approval. For example, you could day trade SPY options if you wanted to without pre-clearing. However, it's worth noting that trying to balance work with day trading might not be the best idea.
That being said, every firm has its own policies and it's crucial to get a clear understanding of JPM's policy. I'd recommend reaching out to your future team or compliance department for the most accurate information. Remember, it's always better to be safe than sorry when it comes to compliance matters.
Hope this helps and congrats on the offer!
Any responses from someone who isn't WSO's Dr. Cola Off-Brand ChatGPT?
bump
Can only buy pre approved ETFs w 40 day hold period. No options
Absolutely brutal, thank you for the heads up
Are you sure about this? Just want to double check as I've heard from some folks I know working there that options on broad based indices (SPX etc) were permitted without any pre-clearance. What they weren't sure of was if it required a holding period.
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