American Express Unusual Options Activity
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 80% bearish and 20% bullish. The targeted price range for American Express over the last 3 months is from $155.0 to $175.0. RBC Capital has upgraded its action to Outperform with a price target of $200.
September 15, 2023 | 4:47 pm
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Unusual options activity indicates a significant bearish stance on American Express. The sentiment among big-money traders is 80% bearish. RBC Capital has upgraded its action to Outperform with a price target of $200.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downside for American Express. However, the upgrade by RBC Capital to Outperform with a price target of $200 provides a counterpoint, suggesting potential upside. The net impact is likely to be negative in the short term due to the significant bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100