American Express Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on American Express (NYSE:AXP) has been spotted, with 11 uncommon options trades identified. The sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $120 to $170 for American Express over the last 3 months.
May 22, 2023 | 7:01 pm
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A large bearish position has been identified in American Express (NYSE:AXP) options, with 63% of big-money traders being bearish. Whales have targeted a price range of $120 to $170 over the last 3 months.
The large bearish position in American Express options indicates that big-money traders expect the stock price to decline in the short term. With 63% of these traders being bearish, it is likely that they have information or expectations that could negatively impact the stock price. The targeted price range of $120 to $170 over the last 3 months also suggests that there is potential for significant price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100