Implied volatility at 48.5% shows option traders pricing in one-third more price risk to JP Morgan shares over the next 30 days – making put protection in the near-term more expensive to acquire. It's one of our favorite times of the year at JPMorgan Chase. Research division (a division, that eventually became the RiskMetrics. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in. Morgan Chase will need to start wielding its cost-cutting ax to offset losses from poor telecom investments and help out its coming second-quarter. Morgan Securities LLC ('JPMS'), a member of. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. The transaction is effective immediately, meaning it has closed. and its affiliates (collectively 'JPMCB') offer investment products, which may include bank-managed accounts and custody, as part of its trust and fiduciary services. But it’s the timing in concert with July quarterly earnings that makes us wonder if some traders aren’t looking for a larger-than-expected writedown to come out of JP Morgan this time around. CreditMetrics analytics, originally envisioned in 1997 by JP Morgans Risk Management. JPMorgan Chase ( JPM) has taken over the deposit-taking subsidiary of Washington Mutual ( WM ). also slashed estimates on JPMorgan Chase by 25 cents for the third quarter to 42 cents a share and by 30 cents this year to 2.30. There’s still plenty of speculation about JP Morgan’s canny CEO Jamie Dimon leveraging his firm’s primacy to pluck more acquisitions from the growing ranks of his distressed peers – talk that has centered on Wachovia ( WB), Washington Mutual ( WM), or even some of Citi’s ( C) assets - a possibility that could account for some expectation of downward pressure on JP Morgan’s share price. JPMorgan Sinks on Writedown, Analyst Notes. It’s when option action occurs that seems so utterly against the trade winds of share price that our curiosity is piqued, and that’s what we’re observing in shares of the big bank today.įresh buying interest was observed in deep out-of-the-money September puts at the 25 strike, bought on a volume of some 12,400 lots (nearly 4 times the open interest) at 43 cents per contract – implying a decline of more than one-third of JP Morgan Chase’s value heading into the September contract that coincides with its earnings on July 27. With financial issues taking much of the credit for a midsession rebound in stocks, it’s no surprise to see the sector’s reigning alpha-wolf, JP Morgan Chase ( NYSE: JPM), howl 2.5% higher at $38.47. Now, JPMorgan has entered the fold, claiming that the value of the NBN needs to be written-down by 20 billion to make the wholesale costs low enough for telcos. Out-of-the-money put buying is hitting JP Morgan Chase.
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