Investors have kept the share prices of American Express Company (AXP) range bound ahead of its fiscal second quarter earnings announcement. With a growing number of call options in the open interest, it appears that options traders are positioned to anticipate a positive move. The unusual option trading may create a strong upward trend in the price action if AXP delivers a positive earnings surprise.Â
A growing number of call options remain in the open interest for AXP, with unusually high option premiums. The trading volumes suggest that, in anticipation of a positive earnings report, traders have been selling put …
