Buying AXP call contracts.

American Express (AXP) is a great play on the global consumer and also on a pickup in personal and business travel.

After selling off sharply, AXP is now trading near a key support area close to $150. The company itself is very profitable, and Wall Street expects AXP to continue growing profits through 2023 and 2024.

The market is oversold and early indications point to a new snap-back rally beginning. If this rally materializes, AXP should participate. And if not, the company still gives investors a tremendous amount of value which should help to support the stock price.