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 54 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 44 are puts, for a total amount of $3,447,184 and 10, calls, for a total amount of $498,206.
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 $150.0 for JPMorgan Chase over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for JPMorgan Chase options trades today is 3595.42 with a total volume of 116,793.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for JPMorgan Chase's big money trades within a strike price range of $100.0 to $150.0 over 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 | 06/17/22 | $120.00 | $1.2M | 11.6K | 2.7K |
| JPM | PUT | TRADE | BULLISH | 01/20/23 | $145.00 | $333.6K | 7.5K | 125 |
| JPM | PUT | TRADE | BEARISH | 01/19/24 | $100.00 | $285.0K | 6.4K | 475 |
| JPM | CALL | SWEEP | BEARISH | 05/20/22 | $140.00 | $158.9K | 7.8K | 12.0K |
| JPM | CALL | SWEEP | BULLISH | 05/06/22 | $125.00 | $94.1K | 633 | 2.8K |
Where Is JPMorgan Chase Standing Right Now?
- With a volume of 12,543,790, the price of JPM is down -1.24% at $121.5.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 76 days.
What The Experts Say On JPMorgan Chase:
- BMO Capital has decided to maintain their Market Perform rating on JPMorgan Chase, which currently sits at a price target of $150.
- RBC Capital has decided to maintain their Outperform rating on JPMorgan Chase, which currently sits at a price target of $155.
- 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 $165.
- Wells Fargo has decided to maintain their Equal-Weight 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.
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