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?

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What challenges is American Express facing according to Scott Bauer?

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

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What strategy does Scott Bauer suggest for trading American Express?

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

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