Active trading in JP Morgan options including far upside call buying
Active trading in JP Morgan options including far upside call buying. The stock down 86c to $97 amid broader market weakness and Dec 110 calls trade across the exchanges midday for 8 to 11c per contract. 14.6K trade total against 12K open interest and a firm is responsible for the buying at that strike, according to data from ISE. It opens positions struck 13.4% above spot and expiring in 31 days. The company is presenting at Goldman Sachs U.S. Financial Services Conference on 12/5 and Wells Fargo Investment Thought Leadership Forum 2017 on 12/7. Nov 97.5 calls, Jan 100 puts, and Dec 1st 99.5 puts are next most active. Total volume is 41K calls and 24K puts.