Shares of JP Morgan (JPM) closed at 48.68, down .46 on Wednesday.? JPM is trading just off of a 52-week high.
Yesterday two blocks of puts trade near the close in JPM. ?The JPM Apr 40 and 42 puts traded at .14 and .23, respectively, in blocks of 9,220 and 14,117. ?The average contract volume is 115,000 contracts per day in the name.? Open interest is 10,000+ and 16,000+ contracts on the strikes.? The implied volatility is down .4 points in April.
The trades look to be speculative paper and with both trades coming near the offer indicating they were a buy or spread.? Open interest has been building on the strikes.
30-day implied volatility is 18%.? 10-day implied volatility is 17%.? 30-day implied volatility is trading above the 10-day historical volatility.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations.