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 13 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 46% leaning bullish and 46% bearish. Among these notable options, 4 are puts, totaling $332,489, and 9 are calls, amounting to $434,140.
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 $150.0 and $220.0 for JPMorgan Chase, spanning the last three months.
Volume & Open Interest Development
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 $150.0 to $220.0 in the last 30 days.
JPMorgan Chase Option Volume And Open Interest Over 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 | PUT | TRADE | BULLISH | 09/19/25 | $3.05 | $2.75 | $2.83 | $150.00 | $169.8K | 222 | 600 |
| JPM | CALL | SWEEP | BEARISH | 10/18/24 | $10.9 | $10.6 | $10.6 | $200.00 | $106.0K | 4.0K | 606 |
| JPM | PUT | SWEEP | BULLISH | 11/15/24 | $2.8 | $2.74 | $2.74 | $195.00 | $102.9K | 4.5K | 378 |
| JPM | CALL | SWEEP | BEARISH | 01/17/25 | $6.85 | $6.75 | $6.75 | $220.00 | $70.8K | 6.4K | 113 |
| JPM | CALL | SWEEP | BULLISH | 10/25/24 | $8.2 | $8.0 | $8.13 | $205.00 | $49.5K | 271 | 75 |
About JPMorgan Chase
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 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
- Trading volume stands at 1,719,729, with JPM's price up by 2.12%, positioned at $208.3.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 7 days.
What Analysts Are Saying About JPMorgan Chase
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $227.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $234. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $220.
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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