20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on JPMorgan Chase (NYSE: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 9 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $180,247, and 6 are calls, for a total amount of $353,488.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $165.0 for JPMorgan Chase, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $115.0 to $165.0 in the last 30 days.
JPMorgan Chase Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | TRADE | BULLISH | 03/15/24 | $160.00 | $86.1K | 8.6K | 7 |
| JPM | CALL | TRADE | NEUTRAL | 12/15/23 | $146.00 | $80.2K | 71 | 0 |
| JPM | PUT | SWEEP | BEARISH | 04/19/24 | $150.00 | $76.3K | 2.8K | 7 |
| JPM | PUT | SWEEP | BULLISH | 01/17/25 | $130.00 | $72.0K | 13.1K | 12 |
| JPM | CALL | TRADE | BULLISH | 01/17/25 | $115.00 | $58.7K | 1.9K | 0 |
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.
JPMorgan Chase's Current Market Status
- Trading volume stands at 4,549,434, with JPM's price down by -1.0%, positioned at $162.35.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 28 days.
Professional Analyst Ratings for JPMorgan Chase
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $243.0.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on JPMorgan Chase with a target price of $243.
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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