JPM options flow: unusual options activity in JPMorgan Chase & Co.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 425 unusual options prints in JPMorgan Chase & Co. (JPM), $35.5M of tracked premium, close to even between bullish and bearish premium. Bullish premium was $13.6M against $14.7M bearish; $23.8M went into calls and $11.7M into puts, a put call ratio of 0.49. The largest print was $1.5M of JPM 15 Jan 2027 $270 calls on 22 September 2026, executed at ask. The last session with prints, 25 September 2026, added 78 prints and $4.9M of premium. JPM closed at $343.06 on 25 September 2026, up 1.3%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | JPM 15 Jan 2027 $270 calls | Trade | 214 | 1,196 | $1.5M | At ask | Bullish | Whale |
| 22 Sep 2026 | JPM 17 Jun 2027 $360 puts | Trade | 443 | 1,414 | $1.5M | At ask | Bearish | Whale |
| 24 Sep 2026 | JPM 19 Mar 2027 $360 calls | Trade | 1,000 | 1,789 | $1.5M | At ask | Neutral | Whale |
| 22 Sep 2026 | JPM 21 Jan 2028 $290 calls | Trade | 171 | 672 | $1.3M | At bid | Bearish | Whale |
| 23 Sep 2026 | JPM 19 Mar 2027 $320 puts | Trade | 750 | 1,899 | $1.1M | At ask | Neutral | Whale |
| 22 Sep 2026 | JPM 17 Sep 2027 $265 calls | Sweep | 102 | 0 | $924K | At ask | Bullish | Whale |
| 24 Sep 2026 | JPM 21 Jan 2028 $330 puts | Trade | 190 | 2,755 | $586K | At ask | Bearish | |
| 22 Sep 2026 | JPM 21 Jan 2028 $340 calls | Trade | 114 | 410 | $584K | At ask | Bullish | Notable |
| 25 Sep 2026 | JPM 21 Jan 2028 $340 puts | Trade | 170 | 451 | $562K | At bid | Bullish | Notable |
| 23 Sep 2026 | JPM 16 Oct 2026 $350 puts | Trade | 270 | 1,853 | $440K | At bid | Bullish | Notable |
| 22 Sep 2026 | JPM 15 Jan 2027 $270 calls | Trade | 50 | 1,196 | $360K | At ask | Bullish | Notable |
| 24 Sep 2026 | JPM 19 Jan 2029 $330 puts | Sweep | 91 | 0 | $349K | At ask | Bearish | High conviction |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 17 Jun 2027 | 54 | $5.8M | 53% | -$2.8M |
| 15 Jan 2027 | 51 | $5.0M | 87% | +$1.8M |
| 21 Jan 2028 | 24 | $4.1M | 68% | -$494K |
| 19 Mar 2027 | 19 | $3.4M | 58% | +$143K |
| 20 Nov 2026 | 50 | $3.0M | 61% | -$122K |
| 18 Dec 2026 | 46 | $2.5M | 75% | -$95K |
The most premium, $5.8M, is aimed at the 17 Jun 2027 expiry; the nearest expiry with unusual prints is 20 Nov 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | JPM 21 Jan 2028 $340 puts | Trade | 170 | 451 | $562K | At bid | Bullish | Notable |
| 25 Sep 2026 | JPM 16 Oct 2026 $350 puts | Trade | 180 | 1,646 | $256K | At midpoint | Neutral | |
| 25 Sep 2026 | JPM 15 Jan 2027 $320 calls | Trade | 50 | 3,235 | $168K | At ask | Bullish | |
| 25 Sep 2026 | JPM 17 Dec 2027 $370 calls | Sweep | 38 | 1,201 | $116K | At bid | Bearish | Notable |
| 25 Sep 2026 | JPM 17 Dec 2027 $370 calls | Sweep | 38 | 1,201 | $114K | At bid | Bearish | Notable |
Every print in JPM with its full detail, the live tape, one tap filters and saved screeners: open JPM in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open JPM in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 13 firms, have a median of $368, 7.3% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About JPMorgan Chase & Co.
- Exchange
- NYSE
- Sector
- Financials
- Industry
- Banking
- Headquarters
- NEW YORK, New York
- Website
- jpmorganchase.com
JPMorgan Chase & Co. operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM) The CCB segment offers deposit, investment and lending products, payments, and services to consumers. The CB segment provides financial solutions, including lending, payments and asset management to small business, large and midsized companies, local governments, and nonprofit clients. AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds.
In the same sector
Flow pages for other Financials names in the S&P 500:
V Visa Inc.MA Mastercard Inc.BAC Bank of America Corp.MS Morgan StanleyGS Goldman Sachs Group Inc.WFC Wells Fargo & CompanyC Citigroup Inc.AXP American Express Co.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for JPM with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open JPM in Options Sentiment Screener