American Express Offering Possible 7.76% Return Over the Next 31 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 $87.50 short put and a strike $82.50 long put offers a potential 7.76% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $82.50 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 51.95 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

T-Mobile offers new bank-by-phone program
Wed, 22 Jan 2014 11:55:00 GMT

Why didn't my credit card apply my rewards?
Wed, 22 Jan 2014 10:00:00 GMT
Bankrate.com – My American Express cash-back card excludes purchases at most places that I shop. It advertises that I can earn 6 percent cash back at supermarkets, 3 percent back at gas stations and select department stores, and 1 percent back on other purchases. This is a common snafu with credit card rewards programs, and it has less to do with the credit card issuer and more to do with weedy, behind-the-scenes coding of the payment networks. Visa, MasterCard, American Express and Discover assign retailers self-identifying codes to distinguish a department store from a supermarket as it completes a transaction.

Can American Express Double Once More?
Mon, 20 Jan 2014 06:44:09 GMT
Seeking Alpha – Credit card companies keep on soaring. After American Express ( AXP ) delivered solid fourth quarter results last week, shares of the company increased 4% and Visa Inc. ( V ), lifted by American Express' …

New Zealand/Australia Morning Call-Global markets
Sun, 19 Jan 2014 18:16:42 GMT
Reuters – ———————- ———————– Stock Markets S&P/ASX 200 5,305.87 -3.20 NZSX 50 4,893.95 -27.34 DJIA 16,458.56 +41.55 Nikkei 15,734.46 -12.74 NASDAQ 4,197.58 -21.11 FTSE 6,829.30 +13.88 …

Companies upending earnings, revenue trends
Sat, 18 Jan 2014 14:00:58 GMT
CNBC – Although its early in the earnings season, corporate America is breaking its pattern of missing on revenue and beating on earnings.

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