Looking At AMC Entertainment's Recent Whale Trades

Looking At AMC Entertainment's Recent Whale Trades

 

A whale with a lot of money to spend has taken a noticeably bearish stance on AMC Entertainment.

Looking at options history for AMC Entertainment AMC we detected 97 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.

From the overall spotted trades, 16 are puts, for a total amount of $776,843 and 81, calls, for a total amount of $5,010,457.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $135.0 for AMC Entertainment over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for AMC Entertainment options trades today is 6018.86 with a total volume of 713,377.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for AMC Entertainment's big money trades within a strike price range of $10.0 to $135.0 over the last 30 days.

AMC Entertainment Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMC CALL SWEEP BEARISH 08/12/22 $30.00 $875.0K 16.1K 38.6K
AMC CALL SWEEP BEARISH 08/12/22 $25.00 $133.1K 16.0K 24.0K
AMC CALL TRADE BULLISH 01/20/23 $70.00 $125.0K 8.0K 767
AMC CALL SWEEP BULLISH 08/19/22 $27.00 $122.0K 1.0K 3.5K
AMC CALL SWEEP BULLISH 08/12/22 $27.50 $116.6K 350 3.0K

Where Is AMC Entertainment Standing Right Now?

  • With a volume of 90,357,191, the price of AMC is up 13.75% at $25.23.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 91 days.

Options are a riskier asset compared to just trading the stock, 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 updated on the latest options trades for AMC Entertainment, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets