TD Ameritrade Chief Strategist On JPMorgan Chase Ahead Of Earnings

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan commented on JPMorgan Chase & Co. JPM ahead of earnings.

The stock was up over 8 percent since its last earnings release, Kinahan observed, while Put options were trading at 2.5 times the normal volume.

The trading activity could imply hedging activity, Kinahan noted, as April $58.50 Puts were being sold in order to buy May $57.50 Puts.

JPMorgan Chase & Co. reports earnings on Tuesday and recently traded at $62.19, up 0.79 percent.

Kevin Riley and Brianna Valleskey contributed to this report.