Market Whales and Their Recent Bets on AXP Options

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 9 uncommon options trades for American Express.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 33%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $288,570, and 4 are calls, for a total amount of $235,090.

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 $230.0 and $290.0 for American Express, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $230.0 to $290.0 in the last 30 days.

American Express Call and Put Volume: 30-Day Overview

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.

Following our analysis of the options activities associated with American Express, we pivot to a closer look at the company's own performance.

American Express's Current Market Status

• Trading volume stands at 1,016,704, with AXP's price up by 1.2%, positioned at $238.28.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 56 days.

What The Experts Say On American Express

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $234.0.

• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on American Express with a target price of $263.
• Consistent in their evaluation, an analyst from Baird keeps a Underperform rating on American Express with a target price of $205.

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.