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Thursday, July 16, 2009

American Express Sizzling

American Express has been on a tear this last week, and is a certainly a stock to watch. I had my shares written out for the July 27.50 strike, and I'm happy I bought them back for a nickel with about 10 days until expiration. I am looking ahead to write American Express out for the August 30-35 strike, depending on the premium received. I expect a pull back soon for most financials, but the DOW component American Express (AXP) would be one I'd buy on a pull back. Sphere: Related Content

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