Deep-pocketed investors have adopted a bearish approach towards American Express AXP, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AXP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for American Express. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 5 are puts, totaling $244,249, and 5 are calls, amounting to $492,990.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $260.0 for American Express, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for American Express options trades today is 1541.3 with a total volume of 524.00.
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 $135.0 to $260.0 over the last 30 days.
American Express Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AXP | CALL | TRADE | BEARISH | 01/17/25 | $200.00 | $366.1K | 1.4K | 207 |
| AXP | PUT | SWEEP | BEARISH | 02/16/24 | $190.00 | $76.0K | 70 | 15 |
| AXP | PUT | SWEEP | BEARISH | 06/20/25 | $135.00 | $70.8K | 490 | 135 |
| AXP | CALL | TRADE | BULLISH | 06/21/24 | $185.00 | $41.2K | 528 | 39 |
| AXP | PUT | SWEEP | BULLISH | 03/15/24 | $195.00 | $39.8K | 43 | 0 |
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.
American Express's Current Market Status
- Trading volume stands at 873,969, with AXP's price up by 0.09%, positioned at $187.3.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 21 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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