Options Insight: How to Play American Express

Scott Bauer, a senior market strategist, discusses the upcoming earnings report for American Express, highlighting the impact of losing Costco exclusivity. He suggests a bearish outlook, recommending put spreads as a strategy. Bauer predicts limited upside potential and significant downside risks for Amex, citing competitive pressures and market conditions.

What is Scott Bauer's position at Trading Advantage?

What challenges is American Express facing according to Scott Bauer?

What does Scott Bauer compare American Express to when discussing its current state?

What strategy does Scott Bauer suggest for trading American Express?

What does Scott Bauer believe about the potential upside for American Express?