American Express Surges 3.57% as Volume Jumps 56% to $890M Ranks 105th in Market Activity with Technical Bulls and Options Frenzy Signal Short-Term Optimism

American Express (AXP) surged 3.57% on August 22, 2025, with a trading volume of $0.89 billion, marking a 56.18% increase from the previous day and ranking 105th in market activity. The move coincided with strong technical indicators and unusual options activity, despite the absence of company-specific news. The stock traded near its 30-day upper Bollinger Band at $314.62 and breached the 200-day moving average of $293.60, signaling a potential short-term bullish breakout.

Options market data highlighted aggressive call volume at $315–$320 strike prices, with key contracts showing high leverage and liquidity. Traders focused on options like AXP20250829C315 and AXP20250829C317.5, which offered moderate delta and rapid gamma sensitivity, reflecting institutional confidence in further upside. However, the overbought RSI of 72.49 and MACD at 0.146 suggested caution for near-term volatility.

Historical backtesting of AXP’s performance following intraday surges showed positive momentum across short-term horizons. A 3-day win rate of 56.62% averaged 0.40% returns, while a 10-day win rate of 55.99% yielded 0.86% gains. Over 30 days, the stock maintained a 65.30% win rate with 3.06% average returns. The maximum return of 5.92% occurred on day 59, underscoring the potential for extended holding periods to capture significant gains.

A strategy of buying the top 500 stocks by daily trading volume from 2022 to 2025 generated a compound annual growth rate (CAGR) of 6.98%, though it experienced a maximum drawdown of 15.59% in mid-2023. The approach demonstrated steady growth but emphasized the need for risk management in high-volume trading environments.