American Express Options Trading: A Deep Dive into Market Sentiment – American Express (NYSE:AXP)
Investors with a lot of money to spend have taken a bullish stance on American Express AXP.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 16 uncommon options trades for American Express.
This isn’t normal.
The overall sentiment of these big-money traders is split between 68% bullish and 18%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $518,097, and 6 are calls, for a total amount of $445,995.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $250.0 for American Express over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for American Express options trades today is 1680.75 with a total volume of 533.00.
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 $165.0 to $250.0 over the last 30 days.
American Express Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | PUT | TRADE | BEARISH | 01/17/25 | $8.25 | $8.05 | $8.2 | $210.00 | $205.0K | 1.5K | 8 |
| AXP | CALL | SWEEP | BULLISH | 06/21/24 | $60.0 | $58.7 | $60.0 | $165.00 | $180.0K | 667 | 0 |
| AXP | CALL | SWEEP | BULLISH | 10/18/24 | $8.7 | $8.65 | $8.7 | $240.00 | $92.2K | 200 | 5 |
| AXP | PUT | SWEEP | BULLISH | 07/19/24 | $4.4 | $4.25 | $4.25 | $220.00 | $72.2K | 2.6K | 196 |
| AXP | CALL | TRADE | NEUTRAL | 01/16/26 | $33.5 | $32.4 | $33.0 | $230.00 | $69.3K | 698 | 0 |
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.
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
Current Position of American Express
- With a trading volume of 2,360,875, the price of AXP is up by 1.53%, reaching $228.27.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 32 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for American Express with Benzinga Pro for real-time alerts.
