A whale with a lot of money to spend has taken a noticeably bullish stance on JPMorgan Chase.
Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $751,747 and 5, calls, for a total amount of $278,241.
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 $115.0 to $165.0 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 $115.0 to $165.0 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 | SWEEP | NEUTRAL | 01/19/24 | $120.00 | $183.5K | 7.4K | 60 |
| JPM | CALL | SWEEP | BEARISH | 01/19/24 | $135.00 | $104.7K | 1.1K | 60 |
| JPM | PUT | SWEEP | BULLISH | 06/03/22 | $115.00 | $86.2K | 1.1K | 521 |
| JPM | PUT | SWEEP | BULLISH | 06/03/22 | $115.00 | $76.9K | 1.1K | 971 |
| JPM | PUT | TRADE | BULLISH | 09/15/23 | $165.00 | $74.1K | 159 | 15 |
Where Is JPMorgan Chase Standing Right Now?
- With a volume of 914,977, the price of JPM is up 0.51% at $118.91.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 53 days.
What The Experts Say On JPMorgan Chase:
- Morgan Stanley has decided to maintain their Underweight rating on JPMorgan Chase, which currently sits at a price target of $152.
- Oppenheimer upgraded its action to Outperform with a price target of $167
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.
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