27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bearish approach towards JPMorgan Chase (NYSE: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 38 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 28% leaning bullish and 71% bearish. Among these notable options, 10 are puts, totaling $451,753, and 28 are calls, amounting to $1,294,694.
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 $110.0 to $230.0 for JPMorgan Chase during the past quarter.
Insights into 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 $110.0 to $230.0 over the preceding 30 days.
JPMorgan Chase 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BEARISH | 06/21/24 | $38.65 | $38.5 | $38.5 | $160.00 | $130.9K | 6.4K | 195 |
| JPM | CALL | SWEEP | BULLISH | 05/03/24 | $3.85 | $3.7 | $3.85 | $200.00 | $95.1K | 734 | 291 |
| JPM | PUT | SWEEP | BEARISH | 12/19/25 | $3.65 | $3.55 | $3.65 | $130.00 | $91.2K | 806 | 0 |
| JPM | CALL | SWEEP | BEARISH | 01/17/25 | $18.4 | $18.0 | $18.0 | $195.00 | $79.2K | 2.6K | 54 |
| JPM | CALL | SWEEP | BEARISH | 06/21/24 | $38.7 | $38.55 | $38.6 | $160.00 | $77.2K | 6.4K | 62 |
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.
Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.
Current Position of JPMorgan Chase
- With a trading volume of 1,967,421, the price of JPM is down by -0.24%, reaching $198.01.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 3 days from now.
Expert Opinions on JPMorgan Chase
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $209.4.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $219.
- An analyst from Keefe, Bruyette & Woods persists with their Market Perform rating on JPMorgan Chase, maintaining a target price of $195.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for JPMorgan Chase, targeting a price of $228.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for JPMorgan Chase, targeting a price of $220.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $185.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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