Investors with a lot of money to spend have taken a bullish 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 33 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 48% bullish and 45%, bearish.
Out of all of the special options we uncovered, 23 are puts, for a total amount of $1,502,520, and 10 are calls, for a total amount of $494,926.
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 $175.0 and $220.0 for JPMorgan Chase, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $175.0 to $220.0 in the last 30 days.
JPMorgan Chase 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | PUT | SWEEP | BULLISH | 12/19/25 | $21.0 | $19.9 | $19.9 | $195.00 | $189.0K | 136 | 106 |
| JPM | PUT | TRADE | BULLISH | 05/17/24 | $2.68 | $2.63 | $2.65 | $190.00 | $145.7K | 8.7K | 349 |
| JPM | PUT | SWEEP | NEUTRAL | 01/17/25 | $11.35 | $11.3 | $11.3 | $190.00 | $136.7K | 1.2K | 10 |
| JPM | PUT | SWEEP | BEARISH | 06/21/24 | $1.82 | $1.8 | $1.82 | $180.00 | $109.3K | 7.2K | 1.1K |
| JPM | PUT | SWEEP | BULLISH | 07/19/24 | $5.85 | $5.75 | $5.75 | $190.00 | $94.3K | 1.3K | 7 |
About JPMorgan Chase
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 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.
Present Market Standing of JPMorgan Chase
- With a volume of 1,632,572, the price of JPM is down -0.85% at $191.44.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 78 days.
What Analysts Are Saying About JPMorgan Chase
In the last month, 5 experts released ratings on this stock with an average target price of $211.4.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for JPMorgan Chase, targeting a price of $216.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $217.
- An analyst from UBS has decided to maintain their Buy rating on JPMorgan Chase, which currently sits at a price target of $219.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $210.
- An analyst from BMO Capital persists with their Market Perform rating on JPMorgan Chase, maintaining a target price of $195.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JPMorgan Chase with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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