Deep-pocketed investors have adopted a bullish 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 23 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 52% leaning bullish and 43% bearish. Among these notable options, 8 are puts, totaling $381,625, and 15 are calls, amounting to $1,022,934.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $210.0 for JPMorgan Chase over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for JPMorgan Chase's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across JPMorgan Chase's significant trades, within a strike price range of $110.0 to $210.0, over the past month.
JPMorgan Chase Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | CALL | TRADE | NEUTRAL | 06/21/24 | $2.67 | $2.54 | $2.6 | $200.00 | $434.4K | 15.3K | 1.7K |
| JPM | PUT | SWEEP | BULLISH | 09/20/24 | $4.55 | $4.5 | $4.51 | $190.00 | $139.3K | 1.8K | 317 |
| JPM | PUT | TRADE | BULLISH | 10/18/24 | $10.1 | $10.05 | $10.05 | $200.00 | $65.3K | 1.0K | 114 |
| JPM | CALL | SWEEP | BULLISH | 06/21/24 | $28.45 | $27.95 | $28.26 | $170.00 | $56.5K | 5.6K | 26 |
| JPM | CALL | SWEEP | BULLISH | 07/19/24 | $5.1 | $5.0 | $5.1 | $200.00 | $54.5K | 6.1K | 183 |
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.
JPMorgan Chase's Current Market Status
- With a trading volume of 2,255,958, the price of JPM is down by -1.11%, reaching $197.28.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 44 days from now.
Expert Opinions on JPMorgan Chase
5 market experts have recently issued ratings for this stock, with a consensus target price of $210.8.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on JPMorgan Chase with a target price of $220.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $211.
- An analyst from UBS persists with their Buy rating on JPMorgan Chase, maintaining a target price of $224.
- Maintaining their stance, an analyst from Baird continues to hold a Neutral rating for JPMorgan Chase, targeting a price of $185.
- An analyst from Morgan Stanley persists with their Overweight rating on JPMorgan Chase, maintaining a target price of $214.
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.
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