JPMorgan Chase Unusual Options Activity For July 05
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for JPMorgan Chase (NYSE:JPM), with a bearish stance being taken by a whale investor. Of the 27 strange trades detected, 48% were bullish and 51% were bearish. The trades included 6 puts amounting to $283,857 and 21 calls amounting to $1,568,550. The price target for JPMorgan Chase over the last 3 months has been between $100.0 to $175.0. The stock is currently down by 0.47% at $144.93. Morgan Stanley and Citigroup have downgraded their actions to Overweight and Buy respectively, with price targets of $160 and $165.
July 05, 2023 | 5:16 pm
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Unusual options activity detected for JPMorgan Chase. Majority of trades are bearish. The stock is currently down by 0.47% at $144.93. Morgan Stanley and Citigroup have downgraded their actions with price targets of $160 and $165.
The bearish stance taken by a whale investor and the unusual options activity could potentially drive the stock price down in the short term. Additionally, the downgrades from Morgan Stanley and Citigroup could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100