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 14 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 42% leaning bullish and 57% bearish. Among these notable options, 7 are puts, totaling $717,144, and 7 are calls, amounting to $360,892.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $230.0 for American Express over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for American Express's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Express's whale trades within a strike price range from $180.0 to $230.0 in the last 30 days.
American Express 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | PUT | SWEEP | BULLISH | 04/19/24 | $1.79 | $1.69 | $1.69 | $202.50 | $188.2K | 146 | 0 |
| AXP | PUT | SWEEP | BULLISH | 06/20/25 | $22.8 | $22.4 | $22.8 | $220.00 | $127.6K | 70 | 56 |
| AXP | PUT | TRADE | BULLISH | 06/20/25 | $24.35 | $22.5 | $22.85 | $220.00 | $118.8K | 70 | 152 |
| AXP | PUT | TRADE | BULLISH | 06/20/25 | $23.45 | $22.25 | $22.7 | $220.00 | $113.5K | 70 | 409 |
| AXP | PUT | TRADE | BEARISH | 01/16/26 | $18.0 | $17.45 | $17.8 | $200.00 | $106.8K | 275 | 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.
Present Market Standing of American Express
- Trading volume stands at 1,474,017, with AXP's price down by -1.07%, positioned at $217.48.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 9 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest American Express options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
