Market Whales and Their Recent Bets on AXP Options - American Express (NYSE:AXP)

Recently, large investors have shown a bearish outlook on American Express (AXP), a trend that market participants should pay attention to. Today, an analysis of public options activity revealed this notable shift.

In our observations, we found significant options trading activity involving AXP, as indicated by an options scanner. This unusual volume showcases 14 notable options transactions, demonstrating a surge in market interest.

Currently, the sentiment among these major investors is split. Approximately 28% are taking a bullish stance, while 42% are leaning bearish. Notably, the options include 3 put options worth $313,083 and 11 call options totaling $515,858.

Price Targets for American Express

Based on assessment of recent trading volumes and open interest, significant market players are eyeing a price range for American Express between $220.00 and $370.00, as observed over the past three months.

Volume and Open Interest Analysis

Analyzing volume and open interest is essential when trading options. This approach aids in tracking liquidity and investor interest concerning American Express options at specific strike prices. Below, we outline the volume and open interest trends for both call and put options for American Express in the past 30 days.

Recent Option Volume and Open Interest

Through data analysis, we can see how trading patterns have evolved over the past month.

Major Options Transactions Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Expiration Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
AXP	PUT	SWEEP	BULLISH	01/17/25	$65.45	$63.70	$63.70	$370.00	$248.40K	0	40
AXP	CALL	SWEEP	BEARISH	01/16/26	$34.10	$33.90	$33.90	$320.00	$81.30K	34.70K	30
AXP	CALL	TRADE	NEUTRAL	11/29/24	$86.85	$83.90	$85.38	$220.00	$68.30K	15	15
AXP	CALL	SWEEP	BULLISH	11/29/24	$16.50	$16.05	$16.50	$290.00	$59.40K	186	47
AXP	CALL	TRADE	BEARISH	01/17/25	$15.00	$14.40	$14.56	$300.00	$58.20K	5.00K	60

About American Express

American Express is a well-known financial services company operating in approximately 130 countries. It offers a variety of charge and credit card products aimed at both consumers and businesses. The company also runs a profitable merchant payment network. Since 2018, American Express's business has been grouped into three segments: global consumer services, global commercial services, and global merchant and network services. In addition to its payment products, the company provides expense management solutions, consulting services, and business loans.

With the recent options activity surrounding American Express, it's a good time to look into the company's market standing.

Current Market Position of American Express

• American Express is currently trading with a volume of 1,197,271 and has seen a slight increase of 0.14%, now standing at $304.68.
• The Relative Strength Index (RSI) indicates that the stock might be overbought at this time.
• Earnings are expected to be released in 56 days.

Potential Earnings from Trades

An experienced options trader has detailed a strategy that has proven to average a 27% profit over 20-day trading periods. For those interested in learning more about this trading approach, it may be beneficial to seek additional resources and guidance.

While trading options involves risks, it also presents opportunities for substantial returns. Successful traders often mitigate these risks through continuous education, strategic adjustments to trades, and monitoring various market indicators.

Stay informed about the latest trends and trades involving American Express options to make more informed investment decisions.

investors, options, AmericanExpress