AMC Enter Hldgs Option Alert: May 10 $3 Calls Sweep (9) near the Ask: 1557 @ $0.17 vs 4480 OI; Earnings 5/3 Before Open [est] Ref=$2.61
Portfolio Pulse from Charles Gross
AMC Entertainment Holdings saw significant options trading activity with a sweep of 1557 calls for the May 10 $3 strike near the ask price of $0.17, compared to an open interest of 4480. This activity comes ahead of their earnings report estimated on May 3, before the market opens, with the stock reference price at $2.61.
April 15, 2024 | 2:49 pm
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AMC Entertainment Holdings experienced notable options trading activity, indicating increased investor interest or speculation ahead of its upcoming earnings report.
The significant options activity, especially with calls being bought near the ask price, suggests a bullish sentiment among investors or speculators betting on a positive earnings report or news that could lift AMC's stock price in the short term. The reference to the earnings date adds context to the timing and potential catalyst for this activity.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90