JPMorgan Chase's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bearish stance on JPMorgan Chase.

Looking at options history for JPMorgan Chase JPM we detected 22 trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $220,252 and 17, calls, for a total amount of $2,673,135.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $210.0 for JPMorgan Chase, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for JPMorgan Chase options trades today is 2410.58 with a total volume of 2,828.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for JPMorgan Chase's big money trades within a strike price range of $140.0 to $210.0 over the last 30 days.

JPMorgan Chase 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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

Current Position of JPMorgan Chase

• Trading volume stands at 1,152,333, with JPM's price up by 0.07%, positioned at $198.99.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 9 days.

What The Experts Say 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 $203.8.

• An analyst from Piper Sandler persists with their Overweight rating on JPMorgan Chase, maintaining a target price of $210.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $185.
• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $219.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $185.
• An analyst from Wells Fargo has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $220.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for JPMorgan Chase, Benzinga Pro gives you real-time options trades alerts.