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Options update 1-11-08: American Express volatility elevated into charge

Posted Jan 11th 2008 9:48AM by Paul FosterPaul Foster RSS Feed
Filed under: American Express (AXP), Options

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American Express (NYSE: AXP) will record a $440 million charge due to rising delinquencies and increased assumption of future loss characteristics.

AXP is recently trading at $44.67 in pre-open trading, below its close of $48.92.

CIBC says: "We believe AXP will still perform better than its financial peers in 2008. However given our grim outlook on the rest of the sector, this may not be saying much."

AXP overall option implied volatility of 40 is above its 26-week average of 33 according to Track Data, suggesting larger risk.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: 11108, american express, AmericanExpress, axp, CIBC, option implied volatility, OptionImpliedVolatility

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Last updated: November 25, 2009: 11:59 PM

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