NEW YORK (AVAFIN) -- A record number of American Express Company call contracts were traded during the busy trading session. There
were 1.4 call contracts traded for each put contract yielding a 0.70 put/call ratio
where 12,297 put and 17,640 call contracts exchanged hands.
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The ratio skew implies that investors are hedging their positions in anticipation of a stock move.
Today's unusual volume activity confirms that traders are re-balancing their portfolios.
AXP is trading below the 50 day moving average and higher than
the 200 day moving average. American Express Company opened at $54.62 and the stock price declined $2.40 (4.30%)
to $53.43 during the market session. AXP is trading between the range of $53.18 - $55.32.
Performance indicators show that the stock has gained 1.17% within the last quarter.
