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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.

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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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

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