Mike Khouw Sees Unusual Options Activity In American Express


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On CNBC's "Options Action," Mike Khouw said that he saw two times the average daily options volume in American Express Company (NYSE:AXP) on Thursday. The options market is implying a move of 4.6% by the end of the week, he said, as the company reports earnings on Friday morning.

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The most active options were the April weekly $84 strike calls. Traders were paying $2.10 for them, which sets the break even for the trade at $86.10 or 4.41% above the closing price on Thursday.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: OptionsMarketsMediaCNBCMike KhouwOptions Action