What the Options Market Tells Us About JPMorgan Chase
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards JPMorgan Chase, as revealed by Benzinga's options scanner. The options activity is unusual, with 24 significant trades detected, including 20 puts and 4 calls. The stock is currently down 5.14% at $205.68, with a neutral RSI. Analysts have set an average target price of $235, with Deutsche Bank downgrading to Hold.
September 10, 2024 | 2:45 pm
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JPMorgan Chase is experiencing unusual options activity with a bearish sentiment from investors. The stock is down 5.14% and analysts have set a target price of $235. Deutsche Bank has downgraded the stock to Hold.
The significant bearish options activity suggests investors expect a decline in JPM's stock price. The stock's current decline and Deutsche Bank's downgrade to Hold further support this bearish outlook. The average analyst target price of $235 indicates potential upside, but the immediate sentiment is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100