Looking At JPMorgan Chase's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 62% of recent trades being bearish and 37% bullish. The total amount for puts was $326,815 and for calls was $1,726,828. Whales have been targeting a price range from $130.0 to $170.0 for JPMorgan Chase over the last 3 months. The current price of JPM is up 2.15% at $158.28, with RSI indicators suggesting the stock may be overbought.
July 24, 2023 | 6:31 pm
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NEGATIVE IMPACT
Bearish stance taken on JPMorgan Chase with majority of recent trades being bearish. Whales have been targeting a price range from $130.0 to $170.0 over the last 3 months. The stock may be overbought.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, suggests a potential downward pressure on the stock price. The fact that the stock may be overbought, as suggested by RSI indicators, further supports this. However, the targeted price range by whales indicates some level of uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100