JPM options: $71M premium turnover into 2026-08-07; largest line JPM270617C00360000 $12MJPM 期权异动：期权成交额约 $71M，到期 2026-08-07，最大合约 JPM270617C00360000 约 $12M
Options Flow Snapshot
On August 3, 2026, JPMorgan Chase (JPM) recorded 48,756 total option contracts traded, with $71 million in total premium turnover—3.6 times its recent daily average, equal to 4.3% of the underlying stock’s dollar volume that day. The nearest-term expiration was August 7, 2026, with an at-the-money (ATM) straddle implied price move of 2.3%. Average near-the-money call implied volatility (IV) hit 29.8%, while average put IV was 26.6%, creating a -3.2 percentage point call/put IV skew. The largest active contract was JPM270617C00360000: a June 17, 2027, $360 strike call option, with 3,700 contracts traded and ~$12 million in premium turnover. Call volume totaled 30,207 contracts, put volume 18,549, for a 1.63 call/put volume ratio. This activity ranked first in a top-10 scan of 30 financial sector symbols over three trading days.
Signal Read-Through
This is a concentrated call-option volume and upside volatility skew signal. Elevated call volume relative to puts, higher call IV than put IV, and above-average total premium turnover indicate market participants are pricing in a higher near-term upside probability for JPM shares, with heightened trading activity signaling elevated investor focus on the name.
Fundamental and Event Cross-Check
Independent cross-verification data includes JPM’s Q2 2026 earnings, released July 14, 2026, which beat consensus estimates: EPS of $7.59 vs. the $5.59 consensus, and revenue of $57.347B vs. the $50.721B consensus. On August 3, 2026, the company filed multiple SEC Form 424B2 securities documents, with no public summary details available at this time. As of December 31, 2025, 71.4% of JPM’s float was held by 5,174 institutional investors, with no significant near-term shifts in analyst ratings (4 strong buy, 8 buy, 12 hold as of August 1, 2026).
Follow-Up Markers
This signal does not confirm actual long stock positioning, net capital inflows, or future price movement. Follow-up items include tracking open interest changes for the August 7, 2026, expiration contracts, actual near-term stock price action, and full details from the August 3, 2026, SEC Form 424B2 filings.
期权成交结构
2026年8月3日，摩根大通（JPM）的期权市场呈现异常活跃状态：总成交量达48756张合约，总权利金成交额约7100万美元，为近期日均水平的3.6倍，占当日标的股票总成交额的4.3%。最近到期日期权为2026年8月7日合约，平价期权（ATM）隐含股价波动幅度约2.3%；看涨期权平均隐含波动率为29.8%，看跌期权平均隐含波动率为26.6%，看涨看跌隐含波动率价差为-3.2个百分点。当日最大单笔活跃合约为JPM270617C00360000，即2027年6月17日到期、行权价360美元的看涨期权，成交量3700张，权利金成交额约1200万美元。当日看涨期权成交量30207张，看跌期权18549张，看涨看跌成交量比为1.63，该交易活跃度在30只金融股三日扫描中排名第一。
信号含义
该信号属于看涨期权成交集中叠加上行波动率偏斜的类型，单日期权成交规模远超近期均值，且看涨期权成交量与隐含波动率均高于看跌期权，反映市场参与者对摩根大通短期股价上行的定价预期更强，当前处于投资者高度关注该标的的交易窗口。
基本面与事件交叉验证
可交叉验证的独立信号包括：2026年7月14日摩根大通公布的二季度业绩超出市场预期，每股收益（EPS）7.59美元，高于预期的5.59美元，营收573.47亿美元，高于预期的507.21亿美元；当日同时提交了多份SEC Form 424B2文件，暂无公开细节披露。截至2025年12月31日，71.4%的流通股由5174家机构持有，近三个月分析师评级未出现显著变化，维持4个强力买入、8个买入、12个持有的分布。
后续关注
该信号未证明实际的方向性持仓变动或资金净流入流出，仅反映期权市场的交易活跃度与定价预期。后续可关注2026年8月7日到期期权的持仓变化、标的股价的实际波动情况，以及8月3日提交的SEC文件的具体内容。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。