Financial giants have recently displayed a bullish sentiment towards American Express, NYSE:AXP. Options trading history revealed 35 notable trades, with the majority of traders leaning towards a bullish stance at 74%, while 14% showed bearish tendencies. Out of these trades, 2 were puts valued at $169,700, and 33 were calls valued at $3,861,573. A closer look at the volume and open interest in these contracts indicated that significant players have been targeting a price range of $170.0 to $260.0 for American Express over the past quarter, showcasing a somewhat-bullish sentiment overall.
American Express operates as a global financial institution across approximately 130 countries, offering charge and credit card payment products to consumers and businesses. The company is segmented into global consumer services, global commercial services, and global merchant and network services, providing various payment solutions and financial tools. Despite the risks involved, trading options can potentially lead to higher profits, with traders mitigating risks through strategic maneuvers, comprehensive market analysis, and staying informed about market developments. Tracking the latest options trading trends for American Express on platforms like Benzinga Pro can provide real-time insights and alerts for investors.
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