A whale with a lot of money to spend has taken a noticeably bearish stance on AMC Entertainment.
Looking at options history for AMC Entertainment (NYSE:AMC) we detected 63 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $1,034,996 and 48, calls, for a total amount of $2,836,084.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $60.0 for AMC Entertainment over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for AMC Entertainment's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AMC Entertainment's whale activity within a strike price range from $10.0 to $60.0 in the last 30 days.
AMC Entertainment Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMC | PUT | SWEEP | BEARISH | 04/14/22 | $19.00 | $385.2K | 1.5K | 17.9K |
| AMC | CALL | SWEEP | BULLISH | 04/01/22 | $20.00 | $267.1K | 13.4K | 14.8K |
| AMC | CALL | SWEEP | BULLISH | 05/20/22 | $20.00 | $244.9K | 6.2K | 4.4K |
| AMC | PUT | SWEEP | BULLISH | 06/17/22 | $20.00 | $173.5K | 4.2K | 823 |
| AMC | CALL | SWEEP | BEARISH | 06/17/22 | $20.00 | $160.1K | 10.4K | 1.0K |
Where Is AMC Entertainment Standing Right Now?
- With a volume of 93,792,312, the price of AMC is up 14.67% at $20.94.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 43 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
