Deep-pocketed investors have adopted a bearish approach towards JPMorgan Chase 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 14 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 14% leaning bullish and 85% bearish. Among these notable options, 5 are puts, totaling $169,852, and 9 are calls, amounting to $1,093,348.
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 $120.0 to $160.0 for JPMorgan Chase during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for JPMorgan Chase's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across JPMorgan Chase's significant trades, within a strike price range of $120.0 to $160.0, over the past month.
JPMorgan Chase Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | TRADE | BEARISH | 01/19/24 | $155.00 | $541.5K | 19.0K | 73 |
| JPM | CALL | TRADE | BEARISH | 01/19/24 | $155.00 | $190.0K | 19.0K | 2.0K |
| JPM | CALL | TRADE | BULLISH | 04/19/24 | $125.00 | $79.0K | 224 | 0 |
| JPM | CALL | SWEEP | BEARISH | 01/19/24 | $155.00 | $58.5K | 19.0K | 1.7K |
| JPM | CALL | SWEEP | BEARISH | 01/19/24 | $155.00 | $57.7K | 19.0K | 1.7K |
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.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is JPMorgan Chase Standing Right Now?
- With a volume of 2,190,949, the price of JPM is down -0.06% at $153.2.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 52 days.
Expert Opinions on JPMorgan Chase
1 market experts have recently issued ratings for this stock, with a consensus target price of $243.0.
- An analyst from Oppenheimer persists with their Outperform rating on JPMorgan Chase, maintaining a target price of $243.
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.
© 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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