AMC Enter Hldgs Option Alert: Jun 30 $6 Calls Sweep (3) near the Ask: 4172 @ $0.34 vs 865 OI; Ref=$4.965
Portfolio Pulse from Charles Gross
AMC Entertainment Holdings sees a surge in call options with 4,172 contracts for June 30 $6 calls near the ask price of $0.34, compared to 865 open interest.
May 24, 2023 | 2:10 pm
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POSITIVE IMPACT
AMC sees increased call options activity with 4,172 contracts for June 30 $6 calls near the ask price of $0.34, compared to 865 open interest.
The surge in call options for AMC indicates that investors are expecting the stock price to rise in the short term. The increased activity in call options with a strike price of $6 by June 30 suggests that investors are betting on the stock price to go above $6. This increased demand for call options can lead to a short-term positive impact on AMC's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100