June 2020 $160 call options on JP Morgan Chase (JPM) saw heavy trading, with over 1,400 contracts trading against a prior open interest of 100. The bet, with shares at $130, is for a $30 rise in the next 226 days—or a 12.3 percent jump in price.

That’s certainly achievable, given reports that the big bank readjusted its portfolio out of $130 billion in cash and into bonds.

The bank also reduced loans on its balance sheet, to free up capital requirements to buy back more shares and up the dividend. Those moves typically help boost the share price of a stock.