Behind the Scenes of JPMorgan Chase's Latest Options Trends
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on JPMorgan Chase (NYSE:JPM), with a notable split in sentiment (50% bullish, 50% bearish) based on recent options trading activity. Benzinga's options scanner revealed 8 significant trades, with a price window targeted between $150.0 to $200.0. The trading volume and RSI indicators suggest JPM might be overbought, with an earnings announcement expected in 30 days. Piper Sandler maintains an Overweight rating on JPM with a target price of $210.
March 13, 2024 | 2:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
JPMorgan Chase has seen a mix of bullish and bearish options trading, with a price target range of $150-$200 and an Overweight rating from Piper Sandler at $210.
The significant options trading activity, especially the bullish sentiment and the analyst rating from Piper Sandler, suggests a positive short-term outlook for JPM. However, the mention of the stock possibly being overbought and the upcoming earnings announcement add a layer of uncertainty, which is why the confidence score isn't higher.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100