Market Whales and Their Recent Bets on JPM Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on JPMorgan Chase (JPM) options, with 46% of trades being bullish. The options activity suggests a price window of $140 to $300. JPM's stock is up 1.7% at $216.08, with an average analyst target price of $235. Deutsche Bank downgraded its rating to Hold.
September 09, 2024 | 2:46 pm
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JPMorgan Chase sees bullish options activity with a price window of $140-$300. Stock is up 1.7% at $216.08. Deutsche Bank downgraded to Hold with a $235 target.
The bullish options activity indicates positive sentiment among large investors, suggesting potential upward movement in JPM's stock price. The stock's current rise and the analyst target price of $235 further support this outlook, despite the Deutsche Bank downgrade.
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