If you are holding stock, max gains you are getting for $20 is ~2x but this could be the real money maker with puts sub $10 priced at $0.01-$0.05 that could go to $0.5+ if the stock slides similar to the March slide.
If AMC goes on a similar slide to the March slide, there will be massive returns on these ridiculously cheap put options (9.9% decline today and the sub $10 puts barely moved in price on both the 5/21 and 5/28 expiration dates.Ĭheap way to place a bet if the squeeze doesn’t materialize that could be a >10x return based on how cheap the <$10 puts are for 5/21 and 5/28 put options. Potential to give up all of the gains since 5/6 by this Friday and puts are ridiculously cheap in the $10 below range for 5/21 and 5/28. Slight gain of 0.6% on 5/18 (similar to the slight drop on 3/19 with freaky similar volume changes) and then the massive sell off decline on 5/19 of (9.9%) is eerily similar to the (10.3%) drop on 3/22. Last time there was a bull run on the stock got to the same resistance (3/11-3/18) up 42.1% to $14.54 then on 3/19 slight drop of (0.5%) that was followed up by a (10.3%) drop on 3/22 and further drops of (14.7%) on 3/23 and (15.4%) on 3/24. Huge Put option play on AMC over the next week. Hours respective to their own timezone.Food runners: pays minimum wage (plus tip out if you work in a dine in). AMC is now trading below Credit Suisse's 8 dollar price target and well below the consensus 20 price target. Nothing but positive catalyst on the horizon. Can be stressful especially on big releases bc you also have to make all the bar drinks for the theatres. All the negative Catalysts are over for the foreseeable future. Headlining the recent meme-stock resurgence, shares of AMC spiked more than 100 Wednesday and have surged a staggering 570 over the past month, as heightened options activity and increasing. The conversion of APE shares into AMC common stock will occur the following day. It really depends on when the squeeze is. If AMC climbs to about 40 before the squeeze we could see it go to 400 like GME. AMC is currently at 9, a similar squeeze like GME would put AMC at 90 after the squeeze.
#Amc reddit how to#
Read the FAQ if you're new to both wallstreetbets and trading. Theres no free pouring, and the drinks are already set so its a good starting point for anyone wanting to learn how to bartend. AMCs 1-for-10 reverse stock split will go into effect on Thursday, August 24. Looking at GME it climbed to around 40 until a minor squeeze to about 90 and then shot upwards to 400, and then went back down. The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date.
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