Looking At JPMorgan Chase's Recent Unusual Options Activity

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

Looking at options history for JPMorgan Chase JPM we detected 27 trades.

If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $115,980 and 24, calls, for a total amount of $3,226,422.

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 $190.0 and $350.0 for JPMorgan Chase, spanning the last three months.

Analyzing Volume & Open Interest

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 $190.0 to $350.0 in the last 30 days.

JPMorgan Chase Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Current Position of JPMorgan Chase

• Currently trading with a volume of 2,696,750, the JPM's price is down by -1.25%, now at $285.13.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 18 days.

What Analysts Are Saying About JPMorgan Chase

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $288.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Citigroup has decided to maintain their Neutral rating on JPMorgan Chase, which currently sits at a price target of $275. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on JPMorgan Chase, which currently sits at a price target of $240. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on JPMorgan Chase with a target price of $325. * An analyst from Wells Fargo persists with their Overweight rating on JPMorgan Chase, maintaining a target price of $320. * Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for JPMorgan Chase, targeting a price of $280.

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