Financial giants have made a conspicuous bullish move on JPMorgan Chase. Our analysis of options history for JPMorgan Chase JPM revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $335,325, and 8 were calls, valued at $839,680.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $190.0 for JPMorgan Chase over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for JPMorgan Chase's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JPMorgan Chase's whale trades within a strike price range from $100.0 to $190.0 in the last 30 days.
JPMorgan Chase Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | PUT | TRADE | BULLISH | 05/17/24 | $185.00 | $265.6K | 910 | 434 |
| JPM | CALL | SWEEP | BULLISH | 03/01/24 | $100.00 | $252.6K | 60 | 30 |
| JPM | CALL | SWEEP | BULLISH | 04/19/24 | $180.00 | $224.8K | 8.7K | 264 |
| JPM | CALL | TRADE | NEUTRAL | 04/19/24 | $180.00 | $160.9K | 8.7K | 453 |
| JPM | CALL | SWEEP | BEARISH | 04/19/24 | $190.00 | $51.9K | 20.8K | 365 |
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.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
JPMorgan Chase's Current Market Status
- Currently trading with a volume of 1,744,555, the JPM's price is up by 0.8%, now at $184.91.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 44 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JPMorgan Chase options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
