American Express Unusual Options Activity For August 01
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $135.0 to $190.0 for American Express over the last 3 months. Several financial institutions have downgraded their ratings on AXP, with price targets ranging from $148 to $197.
August 04, 2023 | 10:13 am
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Unusual options activity indicates a significant bearish stance on American Express. The sentiment among big-money traders is largely bearish, and several financial institutions have downgraded their ratings on AXP.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of AXP to decrease. This, combined with the downgrades from several financial institutions, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100