2013-09-09 Free Trade of the Day (AXP)
Free Trade of the Day
American Express (AXP)
Notes: American Express (AXP) is set to announce Q3 earnings on Monday, October 14th.
American Express (AXP) Options Trade Idea
Buy the (AXP) Oct. $67.50/$70/$72.50 Put Butterfly for a $0.35 debit or better
(Buying 1 Oct. $72.50 Put, selling 2 Oct. $70 Puts, and buying 1 Oct. $67.50 Put, all in one trade)
Stop loss- None
Upside target- $1.00
Updates: The iPath S&P 500 VIX Short-Term Futures ETN (VXX) fell 3.72% today, breaking Friday’s short-term support level.
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