Looking At JPMorgan Chase's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for JPMorgan Chase (NYSE:JPM), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 63% were bearish and 36% bullish. The total amount for the 7 puts was $326,562 and for the 4 calls was $189,125. The targeted price range for JPMorgan Chase over the last 3 months has been $115.0 to $150.0. The stock is currently up 0.89% at $145.75. Several financial institutions have given their ratings and price targets for JPM.
September 12, 2023 | 3:47 pm
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JPMorgan Chase has seen unusual options activity, with a majority of investors taking a bearish stance. The targeted price range over the last 3 months has been $115.0 to $150.0. The stock is currently up 0.89% at $145.75.
The unusual options activity indicates that investors are speculating on the future price of JPMorgan Chase, with a majority taking a bearish stance. This could potentially impact the stock price in the short term. However, the stock is currently up and several financial institutions have given positive ratings and price targets for JPM, indicating a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100