A whale with a lot of money to spend has taken a noticeably bullish stance on JPMorgan Chase.
Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 10 strange trades.
Last week, a Reuters poll of economists found that they anticipate the U.S. to experience a short and shallow recession over the coming year, and all agreed that the Federal Reserve will go for a smaller 50 basis point interest rate hike on Dec. 14.
Investors are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunities. The rise of social media and retail traders gave way to countless methods to uncover new information. For some, this is overwhelming.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
When JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon issues a warning about the economy, people tend to listen. He did just that Tuesday morning on CNBC's "Squawk Box."