Here's What Options Reflect About AMC Entertainment's Possible Rally
It was the fourth most active single stock for the day. AMC Entertainment is a very popular stock option that trades with names like Apple Inc (NASDAQ:AAPL), although it's less than a thousand the size of the iPhone maker, Khouw said.
There were more than 54,000 buyers of weekly 43 strike calls at $1.71 per piece on average. Khouw said this showed that traders are betting AMC Entertainment’s rally could continue to the end of the week. The stock could trade above $44.70 by Friday, he added.
After trading higher in Monday's session, AMC's stock is trading down 1.6% to $42.35 at publication time.
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