A whale with a lot of money to spend has taken a noticeably bearish stance on American Express.
Looking at options history for American Express (NYSE:AXP) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $140,330 and 6, calls, for a total amount of $374,070.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $180.0 for American Express over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for American Express options trades today is 1410.75 with a total volume of 400.00.
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 $80.0 to $180.0 over the last 30 days.
American Express Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AXP | CALL | SWEEP | BEARISH | 01/17/25 | $180.00 | $141.0K | 17 | 0 |
| AXP | CALL | TRADE | BULLISH | 12/02/22 | $146.00 | $79.3K | 0 | 95 |
| AXP | CALL | TRADE | BULLISH | 01/19/24 | $140.00 | $58.2K | 528 | 20 |
| AXP | PUT | SWEEP | BEARISH | 01/20/23 | $175.00 | $46.9K | 256 | 26 |
| AXP | CALL | TRADE | BULLISH | 04/21/23 | $80.00 | $34.5K | 15 | 5 |
Where Is American Express Standing Right Now?
- With a volume of 1,343,079, the price of AXP is down -1.86% at $143.28.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 2 days.
What The Experts Say On American Express:
- Atlantic Equities has decided to maintain their Neutral rating on American Express, which currently sits at a price target of $165.
- Barclays has decided to maintain their Equal-Weight rating on American Express, which currently sits at a price target of $145.
- Wells Fargo has decided to maintain their Overweight rating on American Express, which currently sits at a price target of $180.
- JP Morgan has decided to maintain their Neutral rating on American Express, which currently sits at a price target of $170.
- Citigroup downgraded its action to Sell with a price target of $130
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.
