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 19 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 47% bearish. Among these notable options, 8 are puts, totaling $619,276, and 11 are calls, amounting to $709,715.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $210.0 for JPMorgan Chase during the past quarter.
Insights into Volume & Open Interest
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 $210.0 in the last 30 days.
JPMorgan Chase 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BULLISH | 12/20/24 | $185.00 | $228.3K | 501 | 2 |
| JPM | PUT | SWEEP | NEUTRAL | 03/15/24 | $187.50 | $190.0K | 2.7K | 1.1K |
| JPM | CALL | TRADE | BEARISH | 01/17/25 | $200.00 | $108.3K | 3.7K | 105 |
| JPM | PUT | SWEEP | BEARISH | 07/19/24 | $165.00 | $92.3K | 1.7K | 671 |
| JPM | CALL | SWEEP | BULLISH | 08/16/24 | $175.00 | $91.8K | 30 | 49 |
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.
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.
Current Position of JPMorgan Chase
- Currently trading with a volume of 2,575,061, the JPM's price is down by -0.71%, now at $186.88.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 32 days.
What Analysts Are Saying About JPMorgan Chase
In the last month, 1 experts released ratings on this stock with an average target price of $210.0.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on JPMorgan Chase with a target price of $210.
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.
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