American Express Unusual Options Activity For May 09
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected unusual options activity on American Express (NYSE:AXP), with over 11 transactions valued at $1,053,955, indicating a bullish sentiment with a price target range of $200-$260. The analysis of volume and open interest for AXP's options shows significant trades, with both calls and puts indicating bullish sentiment. American Express, a global financial institution, is currently trading at $238.53, up by 0.97%, with analysts giving mixed ratings but leaning towards a positive outlook with target prices ranging from $205 to $263.
May 09, 2024 | 7:46 pm
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American Express shows bullish options activity with a target price range of $200-$260, currently trading up at $238.53. Analysts have mixed ratings but generally positive outlooks with target prices up to $263.
The unusual options activity, combined with the current positive trading performance and the generally optimistic analyst ratings, suggests a short-term bullish impact on AXP's stock price. The specific mention of bullish trades and the alignment of analyst target prices with the options activity's predicted price range reinforce this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100