Bonawyn Eison Sees Unusual Options Activity In American Express

published 24.07.2020 12:51

Image of article 'Bonawyn Eison Sees Unusual Options Activity In American Express'

On CNBC's "Options Action," Bonawyn Eison spoke about high options activity in American Express Company (NYSE: AXP) ahead of earnings.

The company reports earnings on Friday, before the market opens and the options market is implying a move of 3.5% in either direction.

The stock moves 2% on average for the event.

During the session on Thursday, Eison noticed a purchase of around 2,000 contracts of the July 24, $90 puts.

The average price for the trade was 20 cents, which sets the breakeven at $89.80 or around 7% lower from the closing price on Thursday.

by Craig Jones from

Free awesomeness straight to your inbox!

Sign up now for this free newsletter to receive hand picked content, covering topics like Lifestyle, Business & Technology.

Free Newsletter Sign up now!

..or jump directly to the latest posts!