Market Whales and Their Recent Bets on AXP Options

Deep-pocketed investors have adopted a bearish approach towards American Express 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 16 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 37% leaning bullish and 56% bearish. Among these notable options, 14 are puts, totaling $1,024,341, and 2 are calls, amounting to $70,440.

What’s The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $220.0 to $280.0 for American Express over the recent three months.

Volume & Open Interest Development

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 $220.0 to $280.0 over the preceding 30 days.

American Express 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

In light of the recent options history for American Express, it’s now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of American Express

• With a trading volume of 826,774, the price of AXP is down by -5.15%, reaching $261.07.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 14 days from now.

What The Experts Say On American Express

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $305.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on American Express with a target price of $330.
* Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on American Express with a target price of $325.
* Showing optimism, an analyst from Baird upgrades its rating to Neutral with a revised price target of $265.
* An analyst from Citigroup persists with their Neutral rating on American Express, maintaining a target price of $300.

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.