Deep-pocketed investors have adopted a bullish 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 8 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 50% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $139,611, and 5 are calls, amounting to $303,072.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $175.0 for JPMorgan Chase during the past quarter.
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 $110.0 to $175.0 in the last 30 days.
JPMorgan Chase Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BEARISH | 03/15/24 | $110.00 | $101.7K | 60 | 0 |
| JPM | CALL | TRADE | BULLISH | 04/19/24 | $115.00 | $79.3K | 3 | 0 |
| JPM | PUT | SWEEP | BEARISH | 01/17/25 | $175.00 | $60.8K | 566 | 36 |
| JPM | CALL | SWEEP | BULLISH | 12/15/23 | $155.00 | $56.8K | 12.6K | 228 |
| JPM | PUT | SWEEP | BEARISH | 04/19/24 | $160.00 | $51.8K | 303 | 2 |
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.
Having examined the options trading patterns of JPMorgan Chase, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
JPMorgan Chase's Current Market Status
- With a trading volume of 905,807, the price of JPM is up by 0.15%, reaching $157.02.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 35 days from now.
Professional Analyst Ratings for 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 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.
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