A whale with a lot of money to spend has taken a noticeably bearish stance on JPMorgan Chase.
Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 38 strange trades.
JPMorgan Chase's (NYSE:JPM) short percent of float has risen 8.7% since its last report. The company recently reported that it has 21.77 million shares sold short, which is 0.75% of all regular shares that are available for trading.
The SPDR S&P Bank ETF (NYSE: KBE) is down 18.6% year-to-date, only slightly outperforming the S&P 500 as a whole. Rising interest rates are typically good news for bank earnings, but the weakness in bank stocks as of late has been driven by concerns over a potential slowdown in the lending market.
In 2022, politics are as polarized and divisive as ever. However, there are still some things that most Americans agree on. The notion that those in charge of regulating banks should not be the same people running the banks, is one of those ideas that I hope most Americans can agree on.
A whale with a lot of money to spend has taken a noticeably bearish stance on JPMorgan Chase.
Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 43 strange trades.