JPMorgan Chase Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for JPMorgan Chase (NYSE:JPM), with a bearish stance being taken by a 'whale' investor. Of the 44 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $2,374,492 and for calls was $2,701,282. The targeted price range for JPMorgan Chase over the last 3 months has been from $80.0 to $170.0. The current price of JPM is $147.85, down -0.1%. Analysts from Piper Sandler, Oppenheimer, BMO Capital, and Morgan Stanley have maintained their positive ratings on JPMorgan Chase.
October 16, 2023 | 8:45 pm
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Unusual options activity has been detected for JPMorgan Chase, with a bearish stance being taken by a 'whale' investor. The current price of JPM is $147.85, down -0.1%. Analysts have maintained their positive ratings on JPMorgan Chase.
The bearish stance taken by a 'whale' investor in the options market could potentially drive the stock price down in the short term. However, the positive ratings maintained by analysts could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100