Bearish flow noted in American Express (AXP) with 4,211 puts trading, or 1.6x expected. Most active are Dec-24 300 puts and Dec-24 240 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.17, while ATM IV is up over 1 point on the day. Earnings are expected on January 24th.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXP:
- A Dissapointing Week for Dow Jones Industrial Average Puts It in the Red
- American Express provided positive spending trends, says Keefe Bruyette
- American Express’ improvement in billed business ‘positive,’ says Wells Fargo
- Trump Trade: Smaller, mid-size brands seen as most impacted by China tariffs
- American Express price target raised to $315 from $260 at Compass Point