JPMorgan Chase Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish 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 12 uncommon options trades for JPMorgan Chase.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $281,029, and 8 are calls, for a total amount of $576,110.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $175.0 for JPMorgan Chase over the recent three months.

Volume & Open Interest Trends

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 $130.0 to $175.0, over the past month.

JPMorgan Chase Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.

Where Is JPMorgan Chase Standing Right Now?

• With a volume of 153,191, the price of JPM is up 0.09% at $172.44.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 74 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 $200.8.

• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on JPMorgan Chase with a target price of $232.
• In a positive move, an analyst from Deutsche Bank has upgraded their rating to Buy and adjusted the price target to $190.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for JPMorgan Chase, targeting a price of $194.
• An analyst from Piper Sandler persists with their Overweight rating on JPMorgan Chase, maintaining a target price of $200.
• An analyst from B of A Securities persists with their Buy rating on JPMorgan Chase, maintaining a target price of $188.

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.