American Express Offering Possible 5.93% Return Over the Next 19 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 5.93% return on risk over the next 19 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 $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $77.50 long put strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold 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

Final Glance: Credit Card companies
Mon, 02 Dec 2013 23:03:12 GMT

Final Glance: Credit Card companies
Mon, 02 Dec 2013 23:03:12 GMT
AP – Shares of some top credit card companies were mixed at the close of trading: American Express Co. rose $.21 or .2 percent, to $85.80. Capital One Financial Corp. rose $.12 or .2 percent, to $71.63. Discover …

Small Business Saturday® Gives Small Businesses Big Boost to Kick-Off Holiday Season
Mon, 02 Dec 2013 18:08:00 GMT
noodls – According to NFIB and American Express Research, Consumers Aware of Small Business Saturday Reported Spending $5.7 billion at Small Businesses on Nov 30 as the Holiday Shopping Season Officially Begins …

Small Business Saturday® Gives Small Businesses Big Boost to Kick-Off Holiday Season
Mon, 02 Dec 2013 17:46:00 GMT
Business Wire – In spite of a shorter shopping season and challenging economic environment, Small Business Saturday helped jump start the holiday shopping season for small businesses across the co

Interesting January 2014 Stock Options for American Express
Mon, 02 Dec 2013 17:29:00 GMT
Forbes – Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is American Express Co. (NYSE: AXP). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2014 expiration for AXP. The put contract our YieldBoost algorithm

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