AMC Enter Hldgs Option Alert: Sep 29 $8.5 Calls Sweep (6) near the Ask: 900 @ $0.769 vs 240 OI; Earnings 11/7 After Close [est] Ref=$7.8994
Portfolio Pulse from Charles Gross
AMC Entertainment Holdings has an option alert for Sep 29 $8.5 calls sweep near the ask with 900 @ $0.769 vs 240 open interest. The company's earnings are expected to be announced after close on November 7. The reference price is $7.8994.

September 13, 2023 | 3:09 pm
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NEUTRAL IMPACT
Increased activity in AMC's options market may indicate investor anticipation of a price movement. The earnings announcement on November 7 could also impact the stock price.
The increased activity in AMC's options market, specifically the Sep 29 $8.5 calls sweep, suggests that investors are anticipating a price movement. However, it's unclear whether this will be positive or negative. The upcoming earnings announcement on November 7 could also influence the stock price, depending on the results.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100