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Jim Strugger's Bullish AMC Entertainment Trade

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Speaking on Bloomberg Markets, Jim Strugger of MKM Holdings recommended a bullish options strategy in AMC Entertainment Holdings Inc (NYSE: AMC).

He thinks the stock has bottomed and he wants to use options to make a bullish trade. He wants to sell the December 14 put to finance the purchase of the December 20 call. He is committing to getting long at $14 price level. MKM Holdings has a price target of $28 for the stock and if it jumps that much, Strugger is going to make $8 with this trade.

 

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Posted-In: Bloomberg Markets Jim StruggerOptions Markets Media