Yesterday we previewed American Express’ (AXP) Q4 results and detailed a fairly binary trade expiring today for those looking to fade recent strength. Here was the trade and rationale from yesterday: For those looking to …
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American Express (AXP) reports Q4 results tonight after the close. The options market is implying about a 3.8% one day post earnings move, which is shy to its 4 qtr average one day move of …
Continue readingHere is some generally directional, untied options activity that caught my eye during Monday’s trading: 1.. MU – The stock continues its ytd implosion, down almost 4% today, marking a 30% decline over the last …
Continue readingThe fact that shares of American Express (AXP) are down almost 15% on the year puts it in the lead for the worst performing stock in the Dow Jones Industrial Average. The reasons for the …
Continue readingAmerican Express has had a rough couple of months as it’s been under pressure since the first day of the year and had salt added to its wounds with a big drop in Early Feb …
Continue readingHeading into the last trading day of January with the futures marked down 1% and I think it is safe to say that we will have a down month, with the potential for a 3% …
Continue readingEvent: AXP reports their Q4 results tomorrow before the open, the options market is implying a one day move of about 2.6% which is essentially inline with the 4 qtr average move of about 2.7% …
Continue readingTrade Update June 12th, 2013 at 3:48pm: Closing AXP bearish June trade for a quick gain. Stock immediately went down last week after entering the trade, and then shot right back up and made a …
Continue readingI am going to keep this real simple, AXP is up nearly 20% on what looks almost like a straight line since April 17th, and up 33% ytd. AXP is trading at 16x this years …
Continue readingAmerican Express announced preliminary earnings last night ahead of its formal announcement next week along with a restructuring plan to cut 5,400 jobs, mostly in its global travel business as more customers shift their travel …
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