AXP options flow: unusual options activity in American Express Co.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 108 unusual options prints in American Express Co. (AXP), $9.3M of tracked premium, leaning bearish. Bullish premium was $3.0M against $5.1M bearish; $4.2M went into calls and $5.1M into puts, a put call ratio of 1.22. The largest print was $1.7M of AXP 21 Jan 2028 $280 puts on 25 September 2026, executed at ask. The last session with prints, 25 September 2026, added 15 prints and $2.4M of premium. AXP closed at $308.89 on 25 September 2026, up 1.1%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | AXP 21 Jan 2028 $280 puts | Trade | 750 | 134 | $1.7M | At ask | Bearish | Whale |
| 24 Sep 2026 | AXP 21 Jan 2028 $220 puts | Trade | 900 | 374 | $694K | At ask | Bearish | High conviction |
| 24 Sep 2026 | AXP 21 Jan 2028 $300 calls | Sweep | 102 | 166 | $505K | At bid | Bearish | High conviction |
| 23 Sep 2026 | AXP 21 Jan 2028 $300 calls | Sweep | 80 | 58 | $389K | At ask | Bullish | High conviction |
| 22 Sep 2026 | AXP 21 Jan 2028 $250 puts | Trade | 250 | 649 | $332K | At bid | Neutral | |
| 24 Sep 2026 | AXP 19 Jan 2029 $340 calls | Sweep | 31 | 0 | $154K | At ask | Bullish | High conviction |
| 24 Sep 2026 | AXP 19 Jan 2029 $340 calls | Trade | 28 | 0 | $138K | At ask | Bullish | Notable |
| 24 Sep 2026 | AXP 15 Dec 2028 $350 puts | Trade | 20 | 178 | $136K | At bid | Bullish | |
| 24 Sep 2026 | AXP 15 Dec 2028 $350 puts | Trade | 19 | 178 | $130K | At bid | Bullish | |
| 24 Sep 2026 | AXP 15 Jan 2027 $300 calls | Sweep | 59 | 677 | $129K | At ask | Bullish | Notable |
| 22 Sep 2026 | AXP 15 Dec 2028 $360 calls | Sweep | 29 | 73 | $123K | At bid | Bearish | Notable |
| 25 Sep 2026 | AXP 15 Jan 2027 $200 calls | Trade | 10 | 250 | $111K | At bid | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 21 Jan 2028 | 11 | $4.0M | 26% | -$2.5M |
| 15 Dec 2028 | 9 | $749K | 44% | +$413K |
| 17 Jun 2027 | 11 | $709K | 56% | -$347K |
| 16 Oct 2026 | 13 | $708K | 78% | +$76K |
| 18 Dec 2026 | 12 | $605K | 47% | -$96K |
| 19 Jan 2029 | 7 | $537K | 75% | +$442K |
The most premium, $4.0M, is aimed at the 21 Jan 2028 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | AXP 21 Jan 2028 $280 puts | Trade | 750 | 134 | $1.7M | At ask | Bearish | Whale |
| 25 Sep 2026 | AXP 15 Jan 2027 $200 calls | Trade | 10 | 250 | $111K | At bid | Bearish | |
| 25 Sep 2026 | AXP 15 Dec 2028 $380 calls | Sweep | 22 | 558 | $84K | Above ask | Bullish | High conviction |
| 25 Sep 2026 | AXP 17 Jun 2027 $240 calls | Trade | 10 | 22 | $78K | At bid | Bearish | |
| 25 Sep 2026 | AXP 18 Dec 2026 $310 puts | Sweep | 49 | 693 | $75K | At bid | Neutral |
Every print in AXP with its full detail, the live tape, one tap filters and saved screeners: open AXP in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open AXP in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 14 firms, have a median of $383, 24.0% above the last close. The last 90 days brought 1 upgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About American Express Co.
- Exchange
- NYSE
- Sector
- Financials
- Industry
- Banking
- Headquarters
- New York, New York
- Website
- americanexpress.com
American Express Company provides charge and credit payment card products, and travel-related services. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations.
In the same sector
Flow pages for other Financials names in the S&P 500:
JPM JPMorgan Chase & Co.V Visa Inc.MA Mastercard Inc.BAC Bank of America Corp.MS Morgan StanleyGS Goldman Sachs Group Inc.WFC Wells Fargo & CompanyC Citigroup Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for AXP with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open AXP in Options Sentiment Screener