Investors with a lot of money to spend have taken a bearish stance on JPMorgan Chase JPM.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 25 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 72%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $647,069, and 10 are calls, for a total amount of $680,535.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $190.0 for JPMorgan Chase, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in JPMorgan Chase's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to JPMorgan Chase's substantial trades, within a strike price spectrum from $110.0 to $190.0 over the preceding 30 days.
JPMorgan Chase Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | TRADE | NEUTRAL | 06/20/25 | $110.00 | $151.8K | 28 | 20 |
| JPM | CALL | TRADE | NEUTRAL | 03/15/24 | $180.00 | $122.5K | 17.4K | 538 |
| JPM | PUT | SWEEP | BEARISH | 06/21/24 | $170.00 | $92.6K | 2.6K | 507 |
| JPM | CALL | TRADE | BULLISH | 02/23/24 | $177.50 | $78.7K | 2.6K | 389 |
| JPM | PUT | TRADE | BULLISH | 04/19/24 | $185.00 | $66.6K | 791 | 419 |
About JPMorgan Chase
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.
Current Position of JPMorgan Chase
- With a volume of 1,652,762, the price of JPM is up 0.89% at $182.5.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 50 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for JPMorgan Chase, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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