A whale with plenty of money to spend has taken on a distinctly turgid attitude AMC Entertainment.
Looking at the options history for AMC Entertainment AMC we discovered 13 strange trades.
If we consider the specifics of each trade, it is correct to say that 7% of investors opened trades with bullish expectations and 92% with bearish ones.
Of the total dirty trades, 10 were puts, for a total amount of $866,932, and 3 were calls, for a total amount of $89,641.
What is the price target?
Given the volume and open interest in these contracts, it appears that the whales have been targeting a price range of $9.0 to $26.0 for AMC Entertainment over the past 3 months.
Volume and development of open interest
In terms of liquidity and interest, the average open interest for AMC Entertainment options trading today is 1180.5 with a total volume of 3888.00.
In the chart below, we are able to follow the development of call volume and open interest and place options on the AMC Entertainment big money trade within a strike price range of $9.0 to $26.0 during the last 30 days.
AMC Entertainment option volume and open interest over the past 30 days
Largest options found:
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMC | SETTLING | ERASE | wave | 20.01.23 | $17.00 | 554.8 thousand dollars | 823 | 753 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $16.00 | 59.0 thousand dollars | 0 | 66 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $14.00 | 39.3 thousand dollars | 0 | 55 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $15.00 | 37.2 thousand dollars | 0 | 46 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $12.00 | 33.6 thousand dollars | 510 | 166 |
| symbol | PUT/CALL | Type of trade | Feeling | Exp. date | Fixed price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMC | SETTLING | ERASE | wave | 20.01.23 | $17.00 | 554.8 thousand dollars | 823 | 753 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $16.00 | 59.0 thousand dollars | 0 | 66 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $14.00 | 39.3 thousand dollars | 0 | 55 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $15.00 | 37.2 thousand dollars | 0 | 46 |
| AMC | SETTLING | ERASE | wave | 17.03.23 | $12.00 | 33.6 thousand dollars | 510 | 166 |
Where is AMC Entertainment currently?
- With a volume of 14,278,225, the price of AMC falls -0.84% to $9.5.
- RSI indicators hint that the underlying stock may be approaching oversold.
- The next earnings are expected to be released in 74 days.
What the experts are saying about AMC Entertainment:
- Wedbush has decided to maintain their Underperform rating on AMC Entertainment, which currently has a price target of $2.
Options are a riskier asset compared to stock trading, 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.
If you want to stay up-to-date on the latest options trading for AMC Entertainment, Benzinga Pro gives you real-time options trading alerts.