Smart Money Is Betting Big In JPM Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on JPMorgan Chase (NYSE:JPM) with significant options activity. Out of 41 trades, 46% are bearish and 36% are bullish. The options activity suggests a price window of $65.0 to $215.0 for JPM. Analysts have mixed ratings with an average price target of $210.4.
May 21, 2024 | 8:30 pm
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Whales are showing a bearish stance on JPMorgan Chase with significant options activity. Out of 41 trades, 46% are bearish and 36% are bullish. The options activity suggests a price window of $65.0 to $215.0 for JPM. Analysts have mixed ratings with an average price target of $210.4.
The significant bearish options activity indicates that large investors are expecting a decline in JPMorgan Chase's stock price. This sentiment is reinforced by the mixed analyst ratings, with an average price target of $210.4, suggesting limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100