Some very rich people who can buy lots of things are betting that the price of American Express will go down. They are using something called options to make these bets. Options are like tickets that give you the right to buy or sell something at a certain price and time. These rich people bought more put options than call options, which means they think the price of American Express will fall. The last time we checked, the price of American Express was $212.3, and it might be too high because some numbers that measure how much people want to buy or sell it say it is overbought. Some experts who study companies like American Express think it should cost around $206 in the future. Read from source...

- The title is misleading and sensationalized. It implies that there are only a few "market whales" who have a significant influence on the AXP options market, when in fact, there could be many more participants with different strategies and motives.
- The article does not provide any evidence or data to support the claim that these whales are bearish on AXP. It only reports the percentage of bullish vs bearish trades, but this does not necessarily reflect their expectations or outcomes.