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 18 trades.

If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $496,030 and 8, calls, for a total amount of $440,844.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $200.0 for JPMorgan Chase over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $100.0 to $200.0 in the last 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 TRADE NEUTRAL 01/17/25 $92.15 $90.95 $91.5 $100.00 $91.5K 596 10
JPM PUT TRADE BEARISH 07/19/24 $12.25 $12.0 $12.25 $200.00 $79.6K 839 67
JPM PUT SWEEP BULLISH 07/19/24 $12.35 $12.15 $12.16 $200.00 $77.8K 839 131
JPM CALL TRADE BULLISH 05/17/24 $15.0 $14.4 $15.0 $175.00 $75.0K 2.6K 4
JPM CALL SWEEP BULLISH 06/21/24 $5.75 $5.6 $5.7 $190.00 $71.2K 5.4K 147

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.

In light of the recent options history for JPMorgan Chase, it's now appropriate to focus on the company itself. We aim to explore its current performance.

JPMorgan Chase's Current Market Status

  • Currently trading with a volume of 2,615,832, the JPM's price is down by -0.9%, now at $189.93.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 70 days.

Professional Analyst Ratings for JPMorgan Chase

5 market experts have recently issued ratings for this stock, with a consensus target price of $209.0.

  • An analyst from Keefe, Bruyette & Woods has decided to maintain their Market Perform rating on JPMorgan Chase, which currently sits at a price target of $195.
  • An analyst from BMO Capital persists with their Market Perform rating on JPMorgan Chase, maintaining a target price of $195.
  • An analyst from Oppenheimer has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $217.
  • An analyst from Evercore ISI Group has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $210.
  • An analyst from Jefferies has decided to maintain their Buy rating on JPMorgan Chase, which currently sits at a price target of $228.

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.

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