Benzinga | Dec 21, 2021 11:08AM EST

JPMorgan Chase Whale Trades Spotted

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 10 uncommon options trades for JPMorgan Chase.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $405,250, and 5 are calls, for a total amount of $327,750.

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 $150.0 to $165.0 for JPMorgan Chase over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for JPMorgan Chase's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JPMorgan Chase's whale activity within a strike price range from $150.0 to $165.0 in the last 30 days.

JPMorgan Chase Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestJPM CALL SWEEP BULLISH 02/18/ $155.00 $161.5K 1.0K 285 22JPM PUT TRADE NEUTRAL 04/14/ $160.00 $123.5K 375 101 22JPM PUT TRADE BEARISH 04/14/ $160.00 $122.5K 375 201 22JPM PUT SWEEP BEARISH 02/18/ $150.00 $70.5K 2.8K 383 22JPM CALL TRADE BULLISH 04/14/ $160.00 $67.5K 1.0K 305 22

Where Is JPMorgan Chase Standing Right Now?

* With a volume of 2,490,235, the price of JPM is up 1.36% at $156.03.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 24 days.

What The Experts Say On JPMorgan Chase:

* Morgan Stanley has decided to maintain their Underweight rating on JPMorgan Chase, which currently sits at a price target of $184.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.