Deep-pocketed investors have adopted a bearish approach towards JPMorgan Chase (NYSE: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 37 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 29% leaning bullish and 32% bearish. Among these notable options, 10 are puts, totaling $588,079, and 27 are calls, amounting to $1,835,147.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $215.0 for JPMorgan Chase over the last 3 months.
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 $100.0 to $215.0 in the last 30 days.
JPMorgan Chase 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | CALL | SWEEP | BEARISH | 01/16/26 | $25.75 | $25.2 | $25.2 | $210.00 | $252.0K | 886 | 42 |
| JPM | CALL | TRADE | BULLISH | 09/20/24 | $15.4 | $15.15 | $15.4 | $195.00 | $154.0K | 4.0K | 23 |
| JPM | PUT | TRADE | BEARISH | 09/20/24 | $1.93 | $1.88 | $1.91 | $190.00 | $143.4K | 2.8K | 13 |
| JPM | CALL | TRADE | NEUTRAL | 01/17/25 | $110.15 | $106.65 | $108.4 | $100.00 | $130.0K | 575 | 0 |
| JPM | PUT | TRADE | NEUTRAL | 08/16/24 | $4.85 | $4.75 | $4.8 | $205.00 | $120.0K | 1.3K | 74 |
About JPMorgan Chase
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $3.9 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.
JPMorgan Chase's Current Market Status
- Trading volume stands at 4,415,417, with JPM's price down by -1.2%, positioned at $205.04.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 7 days.
What Analysts Are Saying About JPMorgan Chase
In the last month, 2 experts released ratings on this stock with an average target price of $224.5.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $210.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on JPMorgan Chase with a target price of $239.
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