Market Whales and Their Recent Bets on AXP Options

Whales with a lot of money to spend have taken a noticeably bearish stance on American Express.

Looking at options history for American Express AXP we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $488,981 and 2, calls, for a total amount of $311,000.

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Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $220.0 for American Express over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for American Express options trades today is 530.29 with a total volume of 937.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for American Express's big money trades within a strike price range of $150.0 to $220.0 over the last 30 days.

American Express Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About American Express

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

Having examined the options trading patterns of American Express, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

American Express's Current Market Status

• With a trading volume of 560,885, the price of AXP is down by -0.08%, reaching $212.3.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 66 days from now.

What Analysts Are Saying About American Express

5 market experts have recently issued ratings for this stock, with a consensus target price of $206.0.

• An analyst from UBS persists with their Neutral rating on American Express, maintaining a target price of $206.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on American Express with a target price of $226.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for American Express, targeting a price of $220.
• An analyst from BMO Capital has decided to maintain their Underperform rating on American Express, which currently sits at a price target of $159.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on American Express with a target price of $219.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for American Express, Benzinga Pro gives you real-time options trades alerts.