I'm going to clarify this... I know that AMC is dong a "special split".
Don't be consumed, this is stock dilution... Period.
The HIGH next week will come BEFORE the 19th. There will be a HUGE crash of this stock before the 19th. You won't be able to catch the top AND have the APE split, so you better get clarity on which one is more important to you. The worthless split, or catching the high?...
Me personally... I'm cashing out my calls that I will be in at the beginning of next week and flipping to short positions immediately after targets are reached.
FYI - we may even get to the $22 range by the close of the market today, not 100% sure. If not, definitely at the beginning of the week. Buy, rinse, repeat, sell.
Good luck
Don't be consumed, this is stock dilution... Period.
The HIGH next week will come BEFORE the 19th. There will be a HUGE crash of this stock before the 19th. You won't be able to catch the top AND have the APE split, so you better get clarity on which one is more important to you. The worthless split, or catching the high?...
Me personally... I'm cashing out my calls that I will be in at the beginning of next week and flipping to short positions immediately after targets are reached.
FYI - we may even get to the $22 range by the close of the market today, not 100% sure. If not, definitely at the beginning of the week. Buy, rinse, repeat, sell.
Good luck
Note
BTW - next week is the top of a much larger crash in the markets coming to Q4.Don't be in a stock, if you are, you better be shorting it
Note
Updating idea in new idea. Giving you more specific timeframes and market action...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.