High-rolling investors have positioned themselves bullish on JPMorgan Chase JPM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in JPM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for JPMorgan Chase. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $25,200, and 7 calls, totaling $367,160.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $205.0 to $220.0 for JPMorgan Chase during the past quarter.
Analyzing Volume & Open Interest
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 $205.0 to $220.0 over the preceding 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 | CALL | SWEEP | BULLISH | 09/20/24 | $5.8 | $5.75 | $5.75 | $215.00 | $115.8K | 9.7K | 466 |
| JPM | CALL | SWEEP | BULLISH | 10/18/24 | $7.85 | $7.7 | $7.85 | $215.00 | $62.8K | 2.2K | 99 |
| JPM | CALL | TRADE | BULLISH | 01/17/25 | $10.65 | $10.6 | $10.65 | $220.00 | $53.2K | 5.2K | 50 |
| JPM | CALL | TRADE | BEARISH | 09/20/24 | $7.6 | $7.45 | $7.45 | $210.00 | $37.2K | 7.4K | 60 |
| JPM | CALL | SWEEP | BEARISH | 08/02/24 | $3.55 | $3.5 | $3.5 | $210.00 | $37.1K | 2.0K | 415 |
About JPMorgan Chase
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 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
Where Is JPMorgan Chase Standing Right Now?
- Currently trading with a volume of 1,231,982, the JPM's price is up by 1.27%, now at $211.31.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 77 days.
Expert Opinions on 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 $221.6.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on JPMorgan Chase with a target price of $217.
- 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 Jefferies keeps a Buy rating on JPMorgan Chase with a target price of $239.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on JPMorgan Chase with a target price of $210.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $221.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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