JPMorgan Chase Unusual Options Activity For September 28
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $75.0 to $150.0 for JPMorgan Chase over the last 3 months. The price of JPM is up 1.74% at $148.32. Morgan Stanley and Oppenheimer have maintained their Overweight and Outperform ratings on JPMorgan Chase, respectively, while RBC Capital and HSBC have downgraded their actions.
September 28, 2023 | 3:32 pm
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Unusual options activity indicates a significant bearish sentiment on JPMorgan Chase. The stock price is currently up, but the bearish sentiment could potentially impact the stock negatively in the short term.
The unusual options activity, with 80% bearish sentiment, indicates that big-money traders are expecting the stock price to go down. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100