Looking At American Express's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in American Express (NYSE:AXP) suggests a divided sentiment among deep-pocketed investors, with a bearish tilt. Benzinga's tracking revealed 14 extraordinary activities, with a mix of puts and calls indicating a target price range of $180.0 to $230.0. The largest trades show a mix of bullish and bearish sentiments, despite the overall bearish inclination. American Express's current market position shows a slight decline in stock price with an upcoming earnings announcement.
April 10, 2024 | 6:15 pm
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Unusual options activity and divided investor sentiment indicate potential volatility for American Express, with a bearish outlook despite some bullish trades.
The bearish sentiment among investors, highlighted by the unusual options activity, suggests that American Express's stock might face short-term downward pressure. The mix of puts and calls, along with the targeted price range, indicates uncertainty but with a bearish inclination. The upcoming earnings announcement adds to the potential for volatility, making this a critical period for AXP.
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IMPORTANCE 90
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