Options Brief: JPMorgan Chase (JPM)

JPM – JPMorgan Chase & Co. – Near-term bullish activity on JPMorgan this morning suggests some options investors are positioning for a rally in the price of the underlying shares by July expiration. JPM’s shares are up 0.45% at $39.05 as of 11:15 am (ET). Optimistic traders picked up at least 6,350 now in-the-money calls at the July $39 strike for an average premium of $1.31 apiece. Investors holding the calls are prepared to accumulate profits if JPM’s shares rally another 3.2% to trade above the average breakeven point to the upside at $40.31 by expiration day in July.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.

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