What the Options Market Tells Us About American Express

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 14 uncommon options trades for American Express.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $949,632, and 6 are calls, for a total amount of $333,890.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $185.0 for American Express over the last 3 months.

Volume & Open Interest Trends

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 $105.0 to $185.0 in the last 30 days.

American Express Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Having examined the options trading patterns of American Express, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of American Express

• With a volume of 759,576, the price of AXP is down -0.51% at $172.87.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 53 days.

What The Experts Say On American Express

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $184.0.

• Reflecting concerns, an analyst from Barclays lowers its rating to Overweight with a new price target of $184.

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.