This Is What Whales Are Betting On JPMorgan Chase

Author: Benzinga Insights | September 21, 2022 01:03pm

Someone with a lot of money to spend has taken a bearish stance on JPMorgan Chase (NYSE:JPM).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 29 uncommon options trades for JPMorgan Chase.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $2,186,825, and 11 are calls, for a total amount of $425,533.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $155.0 for JPMorgan Chase over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for JPMorgan Chase options trades today is 5353.05 with a total volume of 11,986.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for JPMorgan Chase's big money trades within a strike price range of $85.0 to $155.0 over the last 30 days.

JPMorgan Chase Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
JPM	PUT	TRADE	NEUTRAL	03/17/23	$155.00	$1.0M	1	260
JPM	PUT	TRADE	BEARISH	01/20/23	$130.00	$357.9K	13.2K	200
JPM	PUT	SWEEP	BEARISH	11/18/22	$115.00	$185.8K	4.6K	295
JPM	PUT	SWEEP	BEARISH	09/23/22	$113.00	$67.1K	604	797
JPM	CALL	SWEEP	BEARISH	01/20/23	$120.00	$58.2K	11.6K	626

Where Is JPMorgan Chase Standing Right Now?

• With a volume of 3,983,728, the price of JPM is down -0.49% at $115.26.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 23 days.

What The Experts Say On JPMorgan Chase:

• Deutsche Bank has decided to maintain their Buy rating on JPMorgan Chase, which currently sits at a price target of $155.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for JPMorgan Chase, Benzinga Pro gives you real-time options trades alerts.

Posted In: JPM