American Express (AXP) Offering Possible 6.16% Return Over the Next 17 Calendar Days

American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 6.16% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $85.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Express is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Express is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for American Express

Costco Said to Weigh Dropping AmEx as U.S. Card Partner
Wed, 05 Nov 2014 22:59:46 GMT

AMERICAN EXPRESS CO Financials
Tue, 04 Nov 2014 18:04:11 GMT

BETTY WHO, MARY LAMBERT and RIXTON Selected for Inaugural Class of “American Express UNSTAGED: Artists in Residence”
Tue, 04 Nov 2014 17:41:00 GMT
Business Wire – Today, American Express announced the launch of its newest music program, American Express UNSTAGED: Artists in Residence. Building off the success of American Express UNSTAGED, #AmexAIR will tell the stories of three artists and invite fans to discover, connect with and support them on their creative journey.

Time Inc. earnings down on falling print ads, circulation
Tue, 04 Nov 2014 15:42:04 GMT

Apple Pay won't kill PayPal, could even help it
Tue, 04 Nov 2014 15:14:55 GMT

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