JPMorgan Chase Stock Cools Off Ahead of Earnings

Core Insights - JPMorgan & Chase Co is set to announce its third-quarter earnings report on October 14, with expected profits of $4.83 per share and revenue of $44.66 billion, reflecting increases of 10.5% and 4.7% year-over-year respectively [1] Stock Performance - The stock has generally performed well post-earnings, finishing higher after three of the last four quarterly reports, although it experienced a 0.7% decline in July despite beating earnings expectations [2] - Over the past two years, the stock has averaged a post-earnings move of 2.6%, with this earnings report expected to see a larger-than-usual swing of 5.2% priced in by options [2] Current Stock Status - As of the latest update, JPMorgan's stock is down 0.6% at $307.21, having pulled back from a record high of $318.01 on September 29, but is still up 28.2% year-to-date [3] - The stock is testing its 40-day moving average and an uptrend channel formed from lows around $202 [3] Options Market Activity - There is increased bearish sentiment in the options market ahead of the earnings report, with a 10-day put/call volume ratio of 0.86, ranking higher than 90% of readings from the past year [5] - Despite the bearish sentiment, bulls are still prevailing in absolute terms, and JPMorgan's Schaeffer's Volatility Scorecard (SVS) is at 74 out of 100, indicating that the stock has exceeded volatility expectations over the past year [5]