JP Morgan (JPM) adds $1.52 to $34.77 and is one of 27 Dow stocks holding gains Tuesday morning. Recent options trades on the bank include a 10000-contract block of Feb 27 puts bought for 23 cents per contract. The trade might close a position opened on 12/16 when one strategist sold 10,000 Feb 27 puts on the stock at 71 cents to buy 5,000 Feb 33 calls for $1.78. Shares are up 7.7 percent since that time and, while the puts are being bought to close, the Feb 33 calls are apparently being left open. Weekly (1/6) 35 and 36 calls on JPM are seeing interest as well. 43,000 calls and 21,000 puts total and implied vols are down 6 percent to 36. Bullish trading in JP Morgan comes ahead of a Jan 13, 2012 earnings report.