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 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $401,292 and 2, calls, for a total amount of $102,016.
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 $100.0 to $140.0 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 $140.0 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 | CALL | TRADE | BEARISH | 03/17/23 | $120.00 | $70.0K | 2.4K | 100 |
| JPM | PUT | TRADE | BULLISH | 10/21/22 | $115.00 | $54.5K | 4.1K | 80 |
| JPM | PUT | SWEEP | BEARISH | 10/21/22 | $115.00 | $52.4K | 4.1K | 157 |
| JPM | PUT | TRADE | BULLISH | 10/21/22 | $115.00 | $39.9K | 4.1K | 215 |
| JPM | PUT | SWEEP | BEARISH | 10/21/22 | $115.00 | $36.9K | 4.1K | 315 |
Where Is JPMorgan Chase Standing Right Now?
- With a volume of 1,118,151, the price of JPM is down -0.93% at $113.15.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 71 days.
What The Experts Say On JPMorgan Chase:
- RBC Capital has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $130.
- Oppenheimer has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $153.
- Jefferies has decided to maintain their Hold rating on JPMorgan Chase, which currently sits at a price target of $126.
- UBS has decided to maintain their Buy rating on JPMorgan Chase, which currently sits at a price target of $126.
- Morgan Stanley has decided to maintain their Underweight rating on JPMorgan Chase, which currently sits at a price target of $127.
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.
