Investors with a lot of money to spend have taken a bullish stance on American Express AXP.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AXP, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for American Express.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $54,200, and 6 are calls, for a total amount of $449,370.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $350.0 for American Express over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for American Express options trades today is 1054.86 with a total volume of 112.00.
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 $240.0 to $350.0 over the last 30 days.
American Express Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | CALL | TRADE | BEARISH | 06/20/25 | $27.9 | $26.9 | $27.2 | $300.00 | $133.2K | 579 | 51 |
| AXP | CALL | SWEEP | BULLISH | 01/16/26 | $59.1 | $57.55 | $59.15 | $270.00 | $130.1K | 1.3K | 22 |
| AXP | CALL | SWEEP | NEUTRAL | 06/20/25 | $53.5 | $52.45 | $52.91 | $260.00 | $68.7K | 3.5K | 13 |
| AXP | CALL | TRADE | BEARISH | 12/20/24 | $64.0 | $62.8 | $62.8 | $240.00 | $62.8K | 248 | 10 |
| AXP | CALL | SWEEP | BULLISH | 02/21/25 | $29.6 | $29.25 | $29.25 | $280.00 | $29.2K | 83 | 10 |
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.
Following our analysis of the options activities associated with American Express, we pivot to a closer look at the company's own performance.
Where Is American Express Standing Right Now?
- With a volume of 1,212,434, the price of AXP is down -1.51% at $296.79.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 37 days.
What Analysts Are Saying About American Express
4 market experts have recently issued ratings for this stock, with a consensus target price of $329.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Outperform rating on American Express with a target price of $350. * An analyst from Keefe, Bruyette & Woods persists with their Outperform rating on American Express, maintaining a target price of $350. * An analyst from JP Morgan persists with their Neutral rating on American Express, maintaining a target price of $301. * Maintaining their stance, an analyst from Compass Point continues to hold a Neutral rating for American Express, targeting a price of $315.
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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