Tony Zhang breaks down the trade on American Express.
As consumers become more selective in their spending, restaurants and travel remain bright spots in consumer spending. American Express is positioned to outperform its industry with a focus on premium customers who are continuing to spend in these categories. I'll review a bullish options trade that wins if this trends continues. And with its targeting of a younger customer base and growing its presence in international markets, AXP has acquired new customers at an accelerated pace.
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