Financial giants have made a conspicuous bullish move on American Express. Our analysis of options history for American Express AXP revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $133,337, and 11 were calls, valued at $647,370.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $310.0 for American Express, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of American Express stands at 697.31, with a total volume reaching 1,266.00. 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 $125.0 to $310.0, throughout the last 30 days.
American Express Option Volume And Open Interest Over Last 30 Days
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 | TRADE | BULLISH | 01/17/25 | $72.65 | $69.45 | $71.53 | $230.00 | $157.3K | 1.1K | 22 |
| AXP | CALL | SWEEP | BEARISH | 01/17/25 | $3.8 | $3.55 | $3.63 | $305.00 | $99.0K | 1.6K | 309 |
| AXP | CALL | SWEEP | BULLISH | 01/17/25 | $12.75 | $12.25 | $12.65 | $290.00 | $82.1K | 2.5K | 89 |
| AXP | CALL | TRADE | BULLISH | 01/17/25 | $176.3 | $174.1 | $176.3 | $125.00 | $70.5K | 4 | 4 |
| AXP | PUT | SWEEP | BULLISH | 01/31/25 | $9.85 | $9.4 | $9.65 | $300.00 | $57.8K | 11 | 120 |
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.
In light of the recent options history for American Express, it's now appropriate to focus on the company itself. We aim to explore its current performance.
American Express's Current Market Status
- Trading volume stands at 548,361, with AXP's price up by 1.01%, positioned at $300.74.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 21 days.
Expert Opinions on American Express
5 market experts have recently issued ratings for this stock, with a consensus target price of $319.2.
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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 Compass Point has decided to maintain their Neutral rating on American Express, which currently sits at a price target of $325. * 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. * Maintaining their stance, an analyst from Compass Point continues to hold a Neutral rating for American Express, targeting a price of $315. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on American Express with a target price of $301. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on American Express with a target price of $305.
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.
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