Looking At American Express's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on American Express (NYSE:AXP) shows a bearish sentiment among high-rolling investors, with 50% of trades being bearish. The stock is currently trading at $270.61, down by 0.3%, and may be approaching overbought territory. The anticipated earnings release is in 8 days.
October 10, 2024 | 7:46 pm
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American Express has seen unusual options activity with a bearish sentiment from major investors. The stock is currently down by 0.3% and may be overbought. Earnings are expected in 8 days.
The unusual options activity with a bearish sentiment suggests that major investors might have negative expectations for AXP's short-term performance. The stock's current price drop and potential overbought status further support a negative outlook. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100