Whales with a lot of money to spend have taken a noticeably bullish stance on JPMorgan Chase ( JPM ).
Looking at options history for JPMorgan Chase ( JPM ) we detected 25 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $551,630 and 14, calls, for a total amount of $757,635.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $430.0 for JPMorgan Chase ( JPM ) during the past quarter.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in JPMorgan Chase's ( JPM ) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to JPMorgan Chase's ( JPM ) substantial trades, within a strike price spectrum from $200.0 to $430.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | CALL | TRADE | BULLISH | 704 | 20 | ||||||
| JPM | CALL | TRADE | BULLISH | 2.0K | 19 | ||||||
| JPM | PUT | TRADE | BULLISH | 457 | 53 | ||||||
| JPM | PUT | SWEEP | BEARISH | 3 | 158 | ||||||
| JPM | PUT | SWEEP | BEARISH | 3 | 128 |
JPMorgan Chase ( JPM ) 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 ( JPM ) operates, and is subject to regulation, in multiple countries.
In light of the recent options history for JPMorgan Chase ( JPM ), it's now appropriate to focus on the company itself. We aim to explore its current performance.
Trading volume stands at 1,179,986, with JPM's price up by 1.2%, positioned at $316.49.
RSI indicators show the stock to be may be approaching overbought.
Earnings announcement expected in 20 days.
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $335.0.
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* Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for JPMorgan Chase ( JPM ), targeting a price of $325.
* An analyst from Wells Fargo has decided to maintain their Overweight rating on JPMorgan Chase ( JPM ), which currently sits at a price target of $345.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JPMorgan Chase ( JPM ) options trades with real-time alerts from Benzinga Pro.