Benzinga's options scanner has just identified more than 11 option transactions on American Express AXP, with a cumulative value of $462,030. Concurrently, our algorithms picked up 3 puts, worth a total of 205,060.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $180.0 for American Express, spanning the last three months.
Analyzing Volume & Open Interest
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 $160.0 to $180.0 in the last 30 days.
American Express 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AXP | PUT | TRADE | BULLISH | 01/19/24 | $170.00 | $132.0K | 1.4K | 10 |
| AXP | CALL | SWEEP | BULLISH | 06/21/24 | $165.00 | $60.2K | 580 | 62 |
| AXP | CALL | TRADE | BEARISH | 01/19/24 | $170.00 | $51.3K | 4.0K | 12 |
| AXP | CALL | SWEEP | BULLISH | 06/21/24 | $165.00 | $51.0K | 580 | 102 |
| AXP | CALL | TRADE | NEUTRAL | 01/19/24 | $170.00 | $49.3K | 4.0K | 186 |
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 volume of 2,376,968, the price of AXP is up 0.28% at $171.15.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 51 days.
Expert Opinions on American Express
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $184.0.
- In a cautious move, an analyst from Barclays downgraded its rating to Overweight, setting a price target of $184.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for American Express with Benzinga Pro for real-time alerts.
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