Blue-Chip Banking Giant Slated to Report Earnings

The equity tends to rise after earnings

Deputy Editor
Jan 10, 2024 at 11:54 AM
facebook X logo linkedin

JPMorgan Chase & Co (NYSE:JPM) will report fourth-quarter financial results before the open on Friday, Jan. 12. The blue-chip bank concern has an upbeat post-earnings past, boasting gains in its last five next-day sessions in the red. Regardless of direction, JPM averaged a 3.3% next-day return over the last two years, which is lower than the 4.1% swing options players are pricing in this time around.  

Last seen 0.7% lower to trade at $169.46, JPMorgan Chase stock has largely managed to brush off the New Year jitters seen by the broader market. In fact, the shares hit an all-time high of $173.38 on Jan. 5. And despite pacing for its third-straight loss and moving below recent guidance higher at its 10-day moving average, JPM still boasts a 22.2% year-over-year lead.

JPM Chart January 102024

There has been an uptick of bearish activity in JPM's options pits. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.80, which ranks in the elevated 99th percentile of annual readings. This suggests short-term options traders have rarely been more put-biased.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI