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 11 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 54% leaning bullish and 45% bearish. Among these notable options, 4 are puts, totaling $161,971, and 7 are calls, amounting to $493,813.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $160.0 for JPMorgan Chase, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in JPMorgan Chase's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to JPMorgan Chase's substantial trades, within a strike price spectrum from $135.0 to $160.0 over the preceding 30 days.
JPMorgan Chase Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BEARISH | 01/19/24 | $145.00 | $100.2K | 12.9K | 27 |
| JPM | CALL | SWEEP | BULLISH | 12/01/23 | $135.00 | $97.9K | 184 | 132 |
| JPM | CALL | SWEEP | NEUTRAL | 12/01/23 | $135.00 | $90.7K | 184 | 60 |
| JPM | CALL | TRADE | NEUTRAL | 12/01/23 | $142.00 | $73.7K | 168 | 0 |
| JPM | CALL | TRADE | BEARISH | 01/19/24 | $155.00 | $67.6K | 21.3K | 387 |
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.
Having examined the options trading patterns of JPMorgan Chase, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
JPMorgan Chase's Current Market Status
- With a volume of 2,100,237, the price of JPM is down -0.43% at $152.88.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 46 days.
Expert Opinions on JPMorgan Chase
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $243.0.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $243.
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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