Bearish flow noted in American Express with 2,354 puts trading, or 1.8x expected. Most active are 12/2 weekly 150 puts and 12/2 weekly 152.5 puts, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 4.29, while ATM IV is up over 1 point on the day. Earnings are expected on January 27th.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on AXP:
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- American Express initiated with a Neutral at Redburn
- Berkshire Hathaway adds TSMC, exits STORE Capital in Q3
- American Express partners with TikTok to launch the #ShopSmall Accelerator
- American Express Down Even As Q3 Earnings Top Estimates