NEW YORK -- JPMorgan Chase ( JPM) is viewed as the elite of financials, and near-term expectations remain high. The April 50 calls were especially active Tuesday, with large blocks bought for 13 cents to 15 cents. Almost 7,000 contracts traded, more than triple the previous open interest in that strike. Calls lock in the price investors must pay for the stock, so they can generate some huge leverage if JPM moves in the right direction. But if it doesn't, those calls will expire worthless! The financial holding company provides various services worldwide. It has traded well recently, and isn't that far from its 52-week high and two-year highs. Plenty of technicians and analysts have opinions and time will tell, but those options signal bullish hopes for the next three weeks. Total options paper was heavy on Tuesday, with more than 110,000 contracts changing hands in the session. Najarian owns JPM calls.