Investors with a lot of money to spend have taken a bullish stance on JPMorgan Chase JPM.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,420, and 9, calls, for a total amount of $8,572,738.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $160.0 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 $120.0 to $160.0 in the last 30 days.
JPMorgan Chase Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | TRADE | BEARISH | 12/15/23 | $125.00 | $8.1M | 1.6K | 0 |
| JPM | CALL | SWEEP | NEUTRAL | 01/19/24 | $150.00 | $89.2K | 21.9K | 340 |
| JPM | CALL | SWEEP | BULLISH | 01/19/24 | $140.00 | $67.8K | 12.0K | 54 |
| JPM | CALL | TRADE | BULLISH | 03/15/24 | $155.00 | $48.1K | 2.9K | 38 |
| JPM | CALL | SWEEP | BULLISH | 01/19/24 | $150.00 | $45.2K | 21.9K | 224 |
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.
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
- Trading volume stands at 2,487,149, with JPM's price up by 0.05%, positioned at $156.91.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 39 days.
What Analysts Are Saying About JPMorgan Chase
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $243.0.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on JPMorgan Chase with a target price of $243.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JPMorgan Chase with Benzinga Pro for real-time 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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