American Express's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
A surge in options trading for American Express (NYSE:AXP) has been observed, with a mix of bullish and bearish sentiments. The trades include 18 calls and 5 puts, indicating a potential price range of $185 to $350. Analysts have mixed ratings, with price targets ranging from $265 to $300.
October 02, 2024 | 4:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
American Express has seen a significant increase in options trading, with a majority of trades being bullish. Analysts have set price targets between $265 and $300, indicating mixed market sentiment.
The large volume of options trades, predominantly bullish, suggests investor confidence in AXP's potential price increase. Analysts' price targets support this sentiment, though they vary, indicating some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100