Options Market Prices $28 Billion Post-Earnings Swing for JPMorgan Chase (JPM)
What happened
JPMorgan Chase (JPM) reports Q3 results on Tuesday, October 13, alongside Citigroup, Goldman Sachs, Wells Fargo and other major banks. Benzinga reports the options market is implying a post-earnings move worth roughly $28 billion in market value for the bank. The source article's sentiment score registered a neutral 0.0.
The QL Read
JPM sits at a 55/100 composite (Neutral) with the stock up 0.53% at $334.30 ahead of Tuesday's print. In a mixed market backdrop (VIX 15.22, breadth 43.4% advancing, XLF +0.58%), the engine's neutral read suggests the $28 billion implied swing hinges on the report itself.
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