American Express (AXP) Offering Possible 11.11% Return Over the Next 15 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 $99.00 short put and a strike $94.00 long put offers a potential 11.11% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $99.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $94.00 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 at 62.4 level which suggests that the stock is neither overbought nor oversold at this time.

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

Ohio V. American Express: Do Monopoly Platforms Deserve Special Treatment Under Antitrust?
Tue, 27 Feb 2018 20:01:00 +0000
Not only does AmEx seek to incorporate the offset to cardholders as an element of the case, but it also wants to place the burden of disproving any offset on plaintiffs as part of their prima facia case. This will stop any antitrust challenge involving a two-sided platform dead in its tracks.

American Express Personal Savings Account Review
Tue, 27 Feb 2018 16:20:00 +0000
Get our full rundown to see if it's a good place to park your cash.

The Zacks Analyst Blog Highlights: American Express, Moody's, Southwest Airlines, Delta Air Lines and General Motors
Tue, 27 Feb 2018 12:49:12 +0000
The Zacks Analyst Blog Highlights: American Express, Moody's, Southwest Airlines, Delta Air Lines and General Motors

[$$] Supreme Court Grills Both Sides in States’ Challenge of American Express
Tue, 27 Feb 2018 05:34:14 +0000
American Express Co.’s card rules for merchants prompted strong reactions at the Supreme Court Monday, as the justices considered whether to revive a government antitrust lawsuit challenging the company’s …

Warren Buffett Stocks: These Are The Top Berkshire Hathaway Holdings; Apple Pops
Mon, 26 Feb 2018 21:13:40 +0000
Apple jumped to second place on Berkshire Hathaway's list of 15 biggest stocks in 2017, up from No. 5 in 2016.

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