Deep-pocketed investors have adopted a bearish approach towards JPMorgan Chase JPM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in JPM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for JPMorgan Chase. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 15 are puts, totaling $1,014,193, and 15 are calls, amounting to $809,456.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $155.0 to $200.0 for JPMorgan Chase during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of JPMorgan Chase stands at 2801.14, with a total volume reaching 10,464.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JPMorgan Chase, situated within the strike price corridor from $155.0 to $200.0, throughout the last 30 days.
JPMorgan Chase 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BEARISH | 09/20/24 | $195.00 | $267.6K | 2.9K | 375 |
| JPM | PUT | SWEEP | BULLISH | 04/19/24 | $200.00 | $173.7K | 35 | 170 |
| JPM | PUT | SWEEP | BEARISH | 04/19/24 | $185.00 | $114.0K | 2.9K | 429 |
| JPM | PUT | TRADE | BEARISH | 04/19/24 | $185.00 | $112.1K | 2.9K | 879 |
| JPM | PUT | SWEEP | BEARISH | 03/15/24 | $187.50 | $100.0K | 1.3K | 601 |
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.
In light of the recent options history for JPMorgan Chase, it's now appropriate to focus on the company itself. We aim to explore its current performance.
JPMorgan Chase's Current Market Status
- Trading volume stands at 2,983,102, with JPM's price up by 0.37%, positioned at $189.25.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 37 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.
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