American Express's Options: A Look at What the Big Money is Thinking

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 11 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $209,072 and 5, calls, for a total amount of $464,920.

Get Started

Start Futures Trading Fast — with a $200 Bonus

Join Plus500 today and get up to $200 to start trading real futures. Practice with free paper trading, then jump into live markets with lightning-fast execution, low commissions, and full regulatory protection.

Get Started

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 $180.0 to $285.0 for American Express during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for American Express options trades today is 872.9 with a total volume of 2,043.00.

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 $180.0 to $285.0 over the last 30 days.

American Express Call and Put Volume: 30-Day Overview

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.

In light of the recent options history for American Express, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is American Express Standing Right Now?

• Currently trading with a volume of 1,312,457, the AXP's price is down by -0.9%, now at $264.9.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 84 days.

What The Experts Say On American Express

5 market experts have recently issued ratings for this stock, with a consensus target price of $299.4.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $310. * An analyst from Truist Securities has decided to maintain their Buy rating on American Express, which currently sits at a price target of $343. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on American Express with a target price of $315. * In a positive move, an analyst from Redburn Atlantic has upgraded their rating to Neutral and adjusted the price target to $255. * An analyst from B of A Securities has elevated its stance to Buy, setting a new price target at $274.

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.