American Express Offering Possible 9.65% Return Over the Next 32 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 $85.00 short put and a strike $80.00 long put offers a potential 9.65% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $80.00 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 59.24 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

Market-Beating Fund: Why Capital One's Our No. 1
Tue, 18 Feb 2014 19:26:47 GMT

American Express reports January net write-off rate 1.5% vs. 1.6% last month
Tue, 18 Feb 2014 17:04:45 GMT

AMERICAN EXPRESS CO Files SEC form 8-K, Regulation FD Disclosure
Tue, 18 Feb 2014 17:03:15 GMT

Buffett's Berkshire dumps stake in Dish, Glaxo
Sat, 15 Feb 2014 01:24:32 GMT

Buffett's Berkshire dumps stake in Dish, Glaxo
Sat, 15 Feb 2014 00:11:01 GMT
Reuters – (Reuters) – Warren Buffett's Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday. Berkshire had taken the Dish position in the second quarter. The regulatory filing does not disclose exactly when in the fourth quarter that Berkshire sold its 547,312 shares in the satellite TV company. The changes were disclosed in a U.S. Securities and Exchange Commission filing made public on Friday, which detailed Berkshire equity investments as of December 31.

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