JPMorgan Chase Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for JPMorgan Chase (NYSE:JPM), with a predominantly bearish stance. Of the 22 strange trades detected, 77% were bearish and 22% bullish. The trades included 7 puts totaling $710,242 and 15 calls totaling $1,276,902. Whales have been targeting a price range from $75.0 to $160.0 for JPMorgan Chase over the last 3 months. The current price of JPM is $144.84, down -0.12%. Next earnings are expected in 11 days. Several financial institutions have given their ratings and price targets for JPM.
October 02, 2023 | 3:01 pm
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JPMorgan Chase has seen unusual options activity, with a predominantly bearish stance. The current price of JPM is $144.84, down -0.12%. Next earnings are expected in 11 days. Several financial institutions have given their ratings and price targets for JPM.
The unusual options activity, predominantly bearish, indicates that investors are expecting the price of JPM to decrease. This, combined with the slight decrease in the current price, could potentially impact the stock negatively in the short term. However, the upcoming earnings release could influence the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100