This Is What Whales Bet On JPMorgan Chase


A whale with a lot of money to spend has taken a noticeably bearish stance on JPMorgan Chase.

Looking at the options history for JPMorgan Chase JPM, we detected 27 strange trades.

Considering the specifics of each trade, it is correct to say that 44% of investors opened trades with bullish expectations and 55% with bearish.

Of the total trades spotted, 23 are puts, for a total amount of $1,243,610 and 4, calls, for a total amount of $170,509.

What is the price target?

Taking into account the volume and open interest on these contracts, it appears that whales have been targeting a price range of $111.0 to $120.0 for JPMorgan Chase for the past 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the average open interest for options trading of JPMorgan Chase today is 1662.9 with a total volume of 6,498.00.

In the following chart, we can track the development of call and put options volume and open rates for JPMorgan Chase’s major money trades within a strike price range of $111.0 to $120.0 over the past 30 days.

JPMorgan Chase Option Volume and Outstanding Interest Over the Past 30 Days

Biggest options spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trading Price Open Interest Volume JPM PUT SWEEP BULLISH 01/19/24 $115.00 $131.2K 4.2K 360 JPM PUT SWEEP BULLISH 01/19/24 $115.00 $103.5K 4.2K 202 JPM PUT SWEEP BULLISH 01/19/24 $115.00 $85.2 K 4.2K 135 JPM PUT SWEEP BEARISH 01/19/24 $115.00 $84.9K 4.2K 479 JPM PUT SWEEP BEARISH 21/06/24 $115.00 $77.1K 3.5K 97

Where is JPMorgan Chase now?

With a volume of 2014,190, the price of JPM is down -0.05% to $115.16. RSI indicators indicate that the underlying stock is currently neutral between overbought and oversold. The next profit is expected to be released in 78 days.

What the experts are saying about JPMorgan Chase:

RBC Capital has decided to maintain their Outperform rating on JPMorgan Chase, which currently has a price target of $130. Jefferies has decided to maintain their Hold rating on JPMorgan Chase, which currently stands at a price target of $126. Credit Suisse has decided to maintain JPMorgan Chase’s Outperform rating, which currently stands at a price target of $145. Morgan Stanley has decided to maintain its Underweight rating for JPMorgan Chase, which currently has a price target of $127. Barclays has decided to maintain JPMorgan Chase’s Overweight rating, which currently stands at a price target of $162.

Options are a riskier asset compared to just trading the stock, but they have a higher earning potential. Serious options traders manage this risk by educating themselves on a daily basis, scaling in and out of trades, tracking more than one indicator and closely monitoring the markets.

If you want to keep up to date with the latest options trades for JPMorgan Chase, Benzinga Pro gives you real-time alerts for option trades.


This post This Is What Whales Bet On JPMorgan Chase was original published at “https://www.benzinga.com/markets/options/22/07/28207781/this-is-what-whales-are-betting-on-jpmorgan-chase”

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