Behind the Scenes of JPMorgan Chase's Latest Options Trends

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 12 uncommon options trades for JPMorgan Chase.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $165,106, and 8 are calls, for a total amount of $1,306,898.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $200.0 for JPMorgan Chase over the last 3 months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for JPMorgan Chase options trades today is 5141.82 with a total volume of 3,453.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for JPMorgan Chase's big money trades within a strike price range of $130.0 to $200.0 over the last 30 days.

JPMorgan Chase 30-Day Option Volume & Interest Snapshot

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.

In light of the recent options history for JPMorgan Chase, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of JPMorgan Chase

• With a volume of 1,769,478, the price of JPM is up 0.32% at $175.05.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 66 days.

Professional Analyst Ratings for JPMorgan Chase

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $208.6.

• An analyst from BMO Capital persists with their Market Perform rating on JPMorgan Chase, maintaining a target price of $194.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $200.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for JPMorgan Chase, targeting a price of $221.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on JPMorgan Chase with a target price of $238.
• In a positive move, an analyst from Deutsche Bank has upgraded their rating to Buy and adjusted the price target to $190.

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.