Financial giants have made a conspicuous bearish move on American Express. Our analysis of options history for American Express AXP revealed 16 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $225,817, and 10 were calls, valued at $375,759.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $240.0 for American Express over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for American Express options trades today is 2653.67 with a total volume of 1,252.00.
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 $140.0 to $240.0 over the last 30 days.
American Express Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AXP | PUT | SWEEP | BULLISH | 04/19/24 | $180.00 | $75.5K | 260 | 158 |
| AXP | CALL | TRADE | BEARISH | 03/15/24 | $145.00 | $72.1K | 86 | 0 |
| AXP | CALL | TRADE | BEARISH | 01/16/26 | $240.00 | $48.0K | 23.7K | 0 |
| AXP | CALL | SWEEP | BULLISH | 06/21/24 | $170.00 | $44.7K | 1.1K | 32 |
| AXP | PUT | SWEEP | BEARISH | 09/20/24 | $190.00 | $41.7K | 187 | 26 |
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
Present Market Standing of American Express
- Trading volume stands at 1,913,795, with AXP's price down by -0.74%, positioned at $180.7.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 10 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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