A whale with a lot of money to spend has taken a noticeably bullish stance on American Express.
Looking at options history for American Express (NYSE:AXP) we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $640,025 and 4, calls, for a total amount of $319,905.
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 $150.0 to $220.0 for American Express over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for American Express's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of American Express's whale trades within a strike price range from $150.0 to $220.0 in 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 | PUT | TRADE | BULLISH | 01/19/24 | $150.00 | $277.0K | 1.6K | 0 |
| AXP | PUT | TRADE | BULLISH | 04/14/22 | $200.00 | $135.0K | 207 | 101 |
| AXP | CALL | SWEEP | BULLISH | 04/08/22 | $175.00 | $135.0K | 147 | 100 |
| AXP | CALL | TRADE | BULLISH | 09/16/22 | $200.00 | $106.1K | 604 | 89 |
| AXP | PUT | SWEEP | BEARISH | 04/14/22 | $200.00 | $65.2K | 207 | 151 |
Where Is American Express Standing Right Now?
- With a volume of 1,581,091, the price of AXP is up 0.92% at $187.72.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 29 days.
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.
