American Express Offering Possible 10.62% Return Over the Next 26 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 $82.50 short put and a strike $77.50 long put offers a potential 10.62% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $77.50 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 66.54 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

Final Glance: Credit Card companies
Mon, 25 Nov 2013 23:04:04 GMT

Final Glance: Credit Card companies
Mon, 25 Nov 2013 23:04:04 GMT
AP – Shares of some top credit card companies were mixed at the close of trading: American Express Co. rose $.74 or .9 percent, to $84.59. Capital One Financial Corp. rose $.80 or 1.1 percent, to $70.41. Discover …

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Mon, 25 Nov 2013 21:26:57 GMT
BusinessWeek – The effect of the promotion, good for American Express, is trickier to measure on small merchants' sales

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