What the Options Market Tells Us About American Express

Financial giants have made a conspicuous bearish move on American Express. Our analysis of options history for American Express AXP revealed 15 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $556,539, and 11 were calls, valued at $2,864,285.

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Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $230.0 for American Express during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in American Express's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to American Express's substantial trades, within a strike price spectrum from $165.0 to $230.0 over the preceding 30 days.

American Express 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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

Current Position of American Express

• Trading volume stands at 794,270, with AXP's price up by 1.33%, positioned at $221.36.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 31 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for American Express with Benzinga Pro for real-time alerts.