The original initiated price of this coverage was $35.28. Over the time span of this coverage, the underlying security paid 1 dividend, comprising 0.8% dividend payments.
NYTimes' Dealbook reports that losses on JPM's complicated credit derivative bet gone awry may reach $9B. Apparently they have sold off about half the position and things could still move in their favor.
The most frightening aspect though of this story, to me, is:
"The Federal Reserve is currently poring over the bank’s trades to examine the scope of the growing losses and the original bet."
The previous aura of invincibility of JPM in coming out of the recession basically unharmed seems to be over. I see downside ahead over the summer.