JPMorgan Chase (JPM) Options Signal Bullish Bias: Key Strike Levels and Trade Setups for Dec 5th Expiry

• Options activity highlights heavy call open interest at $310 and $315 strikes for Friday expiry, suggesting bullish positioning.
• Technical indicators show JPM trading near 30D support/resistance with long-term bullish momentum intact.
• Institutional buying and strong Q3 results back the stock, but insider selling adds short-term caution.

Here’s the thing: JPMorgan Chase is sitting at a crossroads. The options market is leaning hard into a bullish bias, technicals show a short-term consolidation near key levels, and recent news paints a mixed but ultimately constructive picture. Let’s break it down—because this stock isn’t just ticking boxes, it’s setting up for a directional move.

Bullish Sentiment in the Options Market: Calls at $310 and $315 Dominate

If you look at the options chain, the top OTM calls for Friday expiry are clustered between $310 and $315. The $310 strike alone has 2,471 open interest, while $315 adds another 1,379 contracts. That’s not random—it’s a signal. Traders are pricing in a potential breakout above JPM’s 30D resistance band (308.838–309.364).

On the put side, the $300 strike leads with 1,339 open interest, but the put/call ratio for open interest is nearly balanced at 1.03. That means the market isn’t pricing in a sharp selloff. The lack of block trades also suggests no major institutional hedging happening. So, the takeaway? Buyers are in control, but they’re keeping a close eye on the $307.70 middle Bollinger Band as a critical support level.

Institutional Buying and Earnings Beat Back the Bull Case

Let’s not ignore the fundamentals. JPM’s Q3 results crushed expectations—$5.07 EPS vs. $4.83—and institutional investors are taking notice. Steward Partners just boosted its stake by 2.9%, now holding $198.9M worth of shares. That kind of buying from heavyweights usually precedes a price push.

But here’s the catch: insider Robin Leopold sold 966 shares at $311.92, trimming his position by 1.63%. It’s not a massive dump, but it adds a layer of short-term caution. The market will test whether this selling pressure outweighs institutional accumulation—or if the earnings momentum carries the day.

Trade Setups: Calls for Friday, Stock Plays with Clear Targets

For options traders, the JPM20251205C310 and JPM20251205C315 strikes are the most compelling. If JPM breaks above $309.36 (the upper 30D resistance), these calls could see rapid premium gains. For a longer play, the JPM20251212C330 is positioned to capitalize on a sustained move above the 200D MA ($293.74).

Stock traders should consider entry near $307.70 (the middle Bollinger Band) with a target at $315. A stop-loss below $303 would protect against a breakdown. Alternatively, selling the JPM20251205P300 puts could generate premium income if the stock holds above $300.

Volatility on the Horizon: Positioning for JPM’s Next Move

JPM is dancing on a tightrope—bullish technicals, institutional backing, and a crowded call options chain all point to upside potential. But the insider sale and $300 put activity remind us that volatility isn’t out of the picture. The next 72 hours will tell whether this is a breakout or a consolidation. My bet? Buyers have the edge, but don’t ignore the risks below $307.70. Position with discipline, and let the data guide your exit.