Spotlight on American Express: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on American Express (NYSE:AXP) as indicated by a surge in options activity. Benzinga's options scanner identified 10 significant options trades, with 60% being bearish. The price range focus is between $130.0 and $250.0. AXP's stock is currently trading at $233.41, up by 0.8%.
July 01, 2024 | 7:31 pm
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A surge in options activity for American Express (NYSE:AXP) indicates a bearish sentiment among big-money traders, with 60% of the trades being bearish. The stock is currently trading at $233.41, up by 0.8%.
The significant bearish sentiment among large investors, as indicated by the options activity, suggests a potential short-term decline in AXP's stock price. The stock's current trading price and the upcoming earnings report add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100