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Deep-pocketed investors have adopted a bearish approach towards American Express (NYSE:AXP), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AXP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for American Express. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 11% leaning bullish and 55% bearish. Among these notable options, 7 are puts, totaling $261,890, and 2 are calls, amounting to $60,356.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $250.0 for American Express over the recent three months.
In terms of liquidity and interest, the mean open interest for American Express options trades today is 805.0 with a total volume of 2,274.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Express's big money trades within a strike price range of $155.0 to $250.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
AXP | PUT | SWEEP | BEARISH | 09/13/24 | $4.8 | $4.0 | $4.8 | $247.50 | $54.7K | 1.1K | 232 |
AXP | PUT | TRADE | NEUTRAL | 09/13/24 | $5.05 | $4.1 | $4.55 | $247.50 | $49.1K | 1.1K | 525 |
AXP | PUT | TRADE | NEUTRAL | 09/13/24 | $5.25 | $4.2 | $4.7 | $247.50 | $39.0K | 1.1K | 744 |
AXP | PUT | SWEEP | BEARISH | 09/13/24 | $2.87 | $2.56 | $2.87 | $245.00 | $35.6K | 512 | 138 |
AXP | CALL | SWEEP | BEARISH | 10/18/24 | $7.55 | $7.25 | $7.25 | $250.00 | $33.3K | 1.5K | 46 |
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.
In the last month, 1 experts released ratings on this stock with an average target price of $263.0.
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