Check Out What Whales Are Doing With AXP

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Deep-pocketed investors have adopted a bullish 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 9 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 33% leaning bullish and 22% bearish. Among these notable options, 3 are puts, totaling $155,220, and 6 are calls, amounting to $319,229.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $320.0 for American Express during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for American Express options trades today is 1709.43 with a total volume of 666.00.

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 $210.0 to $320.0 over the last 30 days.

American Express Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AXP CALL SWEEP BEARISH 02/21/25 $11.35 $11.25 $11.25 $300.00 $168.7K 515 153
AXP PUT SWEEP BEARISH 01/17/25 $7.35 $7.35 $7.35 $297.50 $95.5K 28 132
AXP CALL TRADE BULLISH 02/21/25 $4.3 $3.9 $4.15 $320.00 $41.0K 267 101
AXP PUT TRADE BULLISH 01/16/26 $14.75 $14.25 $14.35 $260.00 $31.5K 399 22
AXP CALL TRADE BULLISH 01/17/25 $26.2 $24.7 $25.69 $270.00 $28.2K 3.0K 11

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.

Current Position of American Express

  • With a trading volume of 400,756, the price of AXP is down by -0.02%, reaching $301.0.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 25 days from now.

What The Experts Say On American Express

In the last month, 5 experts released ratings on this stock with an average target price of $326.2.

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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. * An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on American Express, which currently sits at a price target 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. * An analyst from Morgan Stanley persists with their Equal-Weight rating on American Express, maintaining a target price of $305. * Maintaining their stance, an analyst from Compass Point continues to hold a Neutral rating for American Express, targeting a price of $325.

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.

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