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Looking At JPMorgan Chase's Recent Whale Trades

By Benzinga Insights

A whale with a lot of money to spend has taken a noticeably bearish stance on JPMorgan Chase.

Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 31 strange trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 19 are puts, for a total amount of $2,172,700 and 12, calls, for a total amount of $487,563.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $175.0 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 $75.0 to $175.0 in the last 30 days.

JPMorgan Chase Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
JPM PUT TRADE BULLISH 01/19/24 $110.00 $1.2M 6.1K 1.0K
JPM PUT TRADE BULLISH 01/20/23 $125.00 $166.8K 12.3K 175
JPM CALL TRADE BULLISH 01/20/23 $155.00 $98.0K 6.8K 100
JPM CALL TRADE BEARISH 05/13/22 $119.00 $90.0K 108 0
JPM PUT SWEEP BEARISH 09/16/22 $125.00 $76.6K 13.8K 235

Where Is JPMorgan Chase Standing Right Now?

  • With a volume of 14,381,630, the price of JPM is down -0.1% at $123.79.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 67 days.

What The Experts Say On JPMorgan Chase:

  • Oppenheimer upgraded its action to Outperform with a price target of $167
  • Goldman Sachs has decided to maintain their Buy rating on JPMorgan Chase, which currently sits at a price target of $151.
  • Piper Sandler has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $170.
  • RBC Capital has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $155.
  • BMO Capital has decided to maintain their Market Perform rating on JPMorgan Chase, which currently sits at a price target of $150.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

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