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JPMorgan Chase Options: A Look at What the Big Money is Thinking
By Benzinga Insights
April 25, 2022
JPMorgan Chase (JPM) is one of the most widely followed stocks in the market, and its options activity is a key indicator of market sentiment. In this article, we'll take a closer look at the latest options data for JPM and what it might be telling us about the big money's thinking.
According to the latest options data, JPM has seen a significant increase in buying activity over the past week. This is particularly true in the near-term options, with the majority of the buying activity occurring in the May and June contracts.
One of the most striking features of JPM's options activity is the massive amount of buying that has been occurring in the $150-$155 strike price range. This is a key level of resistance for the stock, and the fact that so many buyers are targeting this range suggests that they believe the stock has significant upside potential.
In addition to the buying activity, JPM has also seen a significant amount of selling in the $140-$145 strike price range. This is a key level of support for the stock, and the fact that so many sellers are targeting this range suggests that they believe the stock has significant downside risk.
The options market is also indicating a significant amount of volatility in JPM's stock price. The implied volatility of the May options contract has increased by over 10% in the past week, indicating that traders are expecting a significant move in the stock price over the next few weeks.
Overall, the options market is suggesting that JPM has significant upside potential, but it's also indicating that there is significant risk of a pullback. This is a key level of resistance for the stock, and the fact that so many buyers are targeting this range suggests that they believe the stock has significant upside potential.
In conclusion, the options market is indicating that JPM has significant upside potential, but it's also indicating that there is significant risk of a pullback. This is a key level of resistance for the stock, and the fact that so many buyers are targeting this range suggests that they believe the stock has significant upside potential.