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Investors with a lot of money to spend have taken a bearish stance on American Express (NYSE:AXP).
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 11 options trades for American Express.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $41,400, and 10, calls, for a total amount of $392,237.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $232.5 to $260.0 for American Express during the past quarter.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in American Express's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to American Express's substantial trades, within a strike price spectrum from $232.5 to $260.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
AXP | CALL | SWEEP | BULLISH | 08/23/24 | $4.7 | $4.65 | $4.7 | $237.50 | $58.7K | 50 | 403 |
AXP | CALL | SWEEP | BEARISH | 08/23/24 | $4.9 | $4.75 | $4.75 | $237.50 | $46.0K | 50 | 1.4K |
AXP | CALL | SWEEP | BEARISH | 08/23/24 | $5.3 | $4.7 | $4.6 | $237.50 | $45.6K | 50 | 15 |
AXP | CALL | SWEEP | BEARISH | 08/23/24 | $4.8 | $4.65 | $4.65 | $237.50 | $44.6K | 50 | 1.6K |
AXP | CALL | TRADE | BULLISH | 06/20/25 | $17.45 | $17.4 | $17.45 | $260.00 | $43.6K | 3.6K | 25 |
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
4 market experts have recently issued ratings for this stock, with a consensus target price of $263.75.
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.
Posted In: AXP