AXP · expected move by expiry

American Express Company is priced to move 3.1% by 2026-Sep-04.

Options price a ±3.07% move (about $10.22) by 2026-Sep-04 (Fri), a range of 320.94 to 341.37 from the last price of 333.20. Max pain for that expiry is 335.00.

AXP
American Express Company
Last
333.20 -0.96 (-0.3%)
Next expiry move
±3.07% 6 days
Vol regime
Low
Put / call
1.37
Weekend
Fetched 2026-08-30, 02:46:50 AM ET
expected range last price 333.20 max painAxis 300 to 359, shared by every row
Expiry
Expected range (1 SD)
Expected move
Max pain
Odds inside
2026-Sep-04Fri, 6 days
Expected move±3.07%±$10.22
Max pain335.000.5% above last price
Odds of closing inside68%put/call 1.37
2026-Sep-11Fri, 13 days
Expected move±4.45%±$14.82
Max pain340.002.0% above last price
Odds of closing inside68%put/call 4.95
2026-Sep-18Fri, 20 days
Expected move±5.72%±$19.07
Max pain340.002.0% above last price
Odds of closing inside68%put/call 2.67
2026-Sep-25Fri, 27 days
Expected move±6.77%±$22.56
Max pain330.001.0% below last price
Odds of closing inside68%put/call 5.53
2026-Oct-02Fri, 34 days
Expected move±7.79%±$25.96
Max pain330.001.0% below last price
Odds of closing inside68%put/call 1.61
Options flow, nearest expiry
Neutral

Expensive options, selling pressure likely Score -0.02 on a -1 to +1 scale.

Key levels from open interest
332.50 / 335.00

Heaviest put open interest sits at 332.50 and heaviest call open interest at 335.00. Price tends to gravitate toward large open interest into expiry.

Setup
Pre-Earnings / IV Spike Setup

Read from implied volatility, momentum and breakout signals across the chain. Descriptive, not a forecast.

Reading the AXP expected move table

Each row is one expiry. The shaded band is the one-standard-deviation range the option chain implies for AXP on that date: the market gives roughly a two-in-three chance that AXP closes inside it and a one-in-three chance it closes outside. The black tick is the last traded price, 333.20. The diamond is max pain, the strike where option holders would collect the least if the stock settled there.

The range widens with time because uncertainty compounds with the square root of time: the 2026-Oct-02 range (±7.79%) is wider than the 2026-Sep-04 range (±3.07%) even though the daily volatility behind both is the same. Read the methodology for the formulas, or the guide to what the expected move means in practice.

Figures are derived from delayed public option data and recalculated through the trading day. Nothing on this page is investment advice. Machine-readable version: /api/expected-move/AXP.

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