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A set of huge tranches of AMC Entertainment Holdings (AMC) options traded today as seen in a Barchart report. Meanwhile AMC stock is down over 20% today. Speculators are positioned for a jackpot if AMC stock rebounds by buying a large amount of out-of-the-money calls.
The unusual activity can be seen in Barchart's Unusual Stock Options Activity Report today. For example, it shows that almost 36,000 call options were traded at the $2.50 strike price for expiration on Jan. 19, 2024. That is 149 days from now.