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 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $214,590 and 10, calls, for a total amount of $2,319,581.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $155.0 for JPMorgan Chase during the past quarter.
Volume & Open Interest Development
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 $120.0 to $155.0 in the last 30 days.
JPMorgan Chase Option Volume And Open Interest Over 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 | NEUTRAL | 12/15/23 | $120.00 | $1.5M | 136 | 477 |
| JPM | CALL | SWEEP | BEARISH | 01/19/24 | $135.00 | $189.3K | 10.6K | 5 |
| JPM | CALL | SWEEP | BULLISH | 01/19/24 | $150.00 | $134.6K | 22.1K | 280 |
| JPM | PUT | SWEEP | BEARISH | 04/19/24 | $155.00 | $122.4K | 94 | 23 |
| JPM | CALL | TRADE | BULLISH | 01/19/24 | $135.00 | $96.1K | 10.6K | 113 |
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.
Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.
Where Is JPMorgan Chase Standing Right Now?
- With a volume of 2,725,535, the price of JPM is down -0.42% at $152.18.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 53 days.
What The Experts Say On JPMorgan Chase
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $243.0.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $243.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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