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

In recent developments, wealthy investors have taken a bearish stance on American Express (AXP), signifying a trend that market participants should closely monitor. This information comes from the analysis of public options records, revealing significant activities that could indicate important changes ahead for the company.

Today, an examination of options trading revealed an unusual level of activity for American Express. Specifically, options scanners identified 14 distinct activities that stand out from the norm.

The sentiments among these large investors vary, with a slight majority—42%—showing bearish tendencies, while 28% are leaning towards a bullish perspective. Out of the notable options tracked, three are puts with a total value of $313,083, and eleven are calls, amounting to $515,858.

Price Target Insights

By analyzing the volume and open interest, it becomes clear that significant market players are focusing on a price range between $220.00 and $370.00 for American Express over the past three months. This focus can help traders determine potential entry and exit points.

Volume and Open Interest Analysis

Understanding volume and open interest is crucial in options trading, as this data highlights the liquidity and interest associated with AXP’s options for specific strike prices. The table below outlines the changes in volume and open interest of call and put options related to substantial whale trades for American Express within the price range of $220.00 to $370.00 over the last month.

Major Options Transactions

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
AXP	PUT	SWEEP	BULLISH	01/17/25	$65.45	$63.7	$63.7	$370.00	$248.4K	0	40
AXP	CALL	SWEEP	BEARISH	01/16/26	$34.1	$33.9	$33.9	$320.00	$81.3K	34.7K	30
AXP	CALL	TRADE	NEUTRAL	11/29/24	$86.85	$83.9	$85.38	$220.00	$68.3K	15	15
AXP	CALL	SWEEP	BULLISH	11/29/24	$16.5	$16.05	$16.5	$290.00	$59.4K	186	47
AXP	CALL	TRADE	BEARISH	01/17/25	$15.0	$14.4	$14.56	$300.00	$58.2K	5.0K	60

Overview of American Express

American Express is a prominent global financial entity, operating across approximately 130 countries. The company specializes in offering charge and credit card payment products to both consumers and businesses. Additionally, American Express runs a successful merchant payment network. Since 2018, the company has structured its operations into three segments: global consumer services, global commercial services, and global merchant and network services. Besides payment solutions, its commercial segment provides expense management tools, consulting services, and business loans.

With the recent activities in options trading, it is also essential to look at the current performance of American Express itself.

Current Market Position for American Express

• American Express is currently priced at $304.68 with a small gain of 0.14% based on a trading volume of 1,197,271.
• The Relative Strength Index (RSI) indicates that the stock may currently be overbought.
• The anticipated earnings report from the company is expected in 56 days.

Investing in options carries substantial risks but also presents the possibility of high returns. Seasoned traders typically manage these risks through continuous learning, strategic adjustments, and maintaining an awareness of market trends.

Stay informed about the latest options transactions for American Express and other financial instruments.

investors, options, market, AmericanExpress, trading