Bearish flow noted in American Express (AXP) with 3,967 puts trading, or 1.6x expected. Most active are 10/3 weekly 330 puts and 10/10 weekly 325 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.53, while ATM IV is up over 1 point on the day. Earnings are expected on October 17th.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXP:
- American Express price target raised to $365 from $330 at Evercore ISI
- American Express Announces Vice Chairman’s Retirement
- American Express price target raised to $362 from $311 at Morgan Stanley
- Japanese Holdings Give Berkshire Hathaway’s (BRK.B) Stock Portfolio a Boost
- American Express Platinum Card Refresh Falls Short: Sell Rating Due to Competitive Pressures and Lack of Enhancements