JP Morgan (JPM) adds 12 cents to $38.22 and a noteworthy trade on the bank Thursday morning is a buyer of 15,500 Nov 36 puts at 40 cents each. It was tied to a block of 419K shares and comes the week after JP Morgan reported earnings. Shares lost 56 cents on the news and are down an additional 4 percent since that time. Today’s put buyer is possibly bracing for additional volatility in the weeks ahead. Implied volatility in JPM is flat today at 26, compared to a 52-week high and low of about 56 and 24.