JPMorgan Chase Unusual Options Activity For July 17
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 64% of the 53 unusual trades detected being bearish. The trades include 11 puts worth $919,409 and 42 calls worth $2,403,623. The targeted price range for JPMorgan Chase over the last 3 months has been $110.0 to $165.0. The current price of JPM is up 2.31% at $153.22, with RSI indicators suggesting the stock may be overbought.
July 17, 2023 | 7:46 pm
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A significant investor has taken a bearish stance on JPMorgan Chase, with the majority of unusual trades being bearish. The stock may be overbought.
The bearish stance taken by a significant investor, along with the overbought status of the stock, suggests a potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100