Investors with a lot of money to spend have taken a bearish stance on JPMorgan Chase (NYSE:JPM).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 23% bullish and 53%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $141,827, and 10 are calls, for a total amount of $545,123.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $205.0 for JPMorgan Chase during the past quarter.
Volume & Open Interest Trends
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 $165.0 to $205.0 in the last 30 days.
JPMorgan Chase Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
JPM | CALL | TRADE | NEUTRAL | 08/16/24 | $8.1 | $6.85 | $7.5 | $195.00 | $150.0K | 3.1K | 8 |
JPM | CALL | SWEEP | BEARISH | 01/16/26 | $29.85 | $29.4 | $29.4 | $190.00 | $105.8K | 448 | 0 |
JPM | CALL | SWEEP | BEARISH | 06/28/24 | $1.32 | $1.27 | $1.29 | $200.00 | $64.5K | 3.2K | 536 |
JPM | PUT | SWEEP | BEARISH | 01/17/25 | $15.2 | $15.1 | $15.2 | $205.00 | $62.3K | 641 | 0 |
JPM | CALL | TRADE | BEARISH | 01/17/25 | $12.8 | $12.75 | $12.75 | $200.00 | $51.0K | 4.3K | 15 |
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.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of JPMorgan Chase
With a volume of 831,539, the price of JPM is down -0.01% at $196.99.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 22 days.
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 options trades with real-time alerts from Benzinga Pro.