Financial giants have made a conspicuous bullish move on American Express. Our analysis of options history for American Express AXP revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $91,146, and 7 were calls, valued at $270,213.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $250.0 for American Express over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of American Express stands at 524.71, with a total volume reaching 205.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in American Express, situated within the strike price corridor from $100.0 to $250.0, throughout the last 30 days.
American Express 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | CALL | SWEEP | BEARISH | 06/14/24 | $1.24 | $1.15 | $1.18 | $227.50 | $89.1K | 1.1K | 125 |
| AXP | PUT | TRADE | BULLISH | 09/20/24 | $27.1 | $25.8 | $26.19 | $250.00 | $52.3K | 130 | 0 |
| AXP | CALL | TRADE | BULLISH | 10/18/24 | $18.3 | $17.4 | $18.3 | $220.00 | $45.7K | 243 | 0 |
| AXP | PUT | SWEEP | NEUTRAL | 03/21/25 | $18.95 | $18.2 | $18.6 | $230.00 | $38.7K | 58 | 0 |
| AXP | CALL | SWEEP | BULLISH | 07/19/24 | $5.45 | $5.35 | $5.4 | $230.00 | $31.3K | 2.0K | 53 |
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.
After a thorough review of the options trading surrounding American Express, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is American Express Standing Right Now?
- Trading volume stands at 1,182,884, with AXP's price up by 0.34%, positioned at $225.29.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 37 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.
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