JPMorgan Chase's Options Frenzy: What You Need to Know

JPMorgan Chase & Co. +2.51%

JPMorgan Chase & Co.

JPM

185.80

+2.51%

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 40 uncommon options trades for JPMorgan Chase.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $852,784, and 27 are calls, for a total amount of $1,735,676.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $210.0 for JPMorgan Chase, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of JPMorgan Chase stands at 5715.0, with a total volume reaching 5,684.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JPMorgan Chase, situated within the strike price corridor from $135.0 to $210.0, throughout the last 30 days.

JPMorgan Chase Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
JPM PUT SWEEP BEARISH 04/19/24 $160.00 $218.0K 1.2K 672
JPM CALL SWEEP BEARISH 03/15/24 $165.00 $184.0K 10.2K 305
JPM CALL TRADE BEARISH 04/19/24 $165.00 $164.7K 2.0K 171
JPM CALL TRADE BULLISH 01/19/24 $160.00 $159.3K 25.1K 458
JPM PUT SWEEP NEUTRAL 01/17/25 $210.00 $131.1K 3 27

About JPMorgan Chase

JPMorgan Chase 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 operates, and is subject to regulation, in multiple countries.

Where Is JPMorgan Chase Standing Right Now?

  • With a trading volume of 2,490,764, the price of JPM is down by -0.09%, reaching $170.14.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 14 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JPMorgan Chase with Benzinga Pro for real-time alerts.

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