i can't account for time it'll take, AMC is one of the most option traded stocks on the market.
thus comes high manipulation. slow it down and crush them with time decay.
I see this SLOWLY grinding to the top of the channel.
Then whether you want to hear it or not, i see it SLOWLY grinding its way to the bottom of the channel.
At the bottom on the channel i will be loading up with 6 month calls. at the money, with full intentions of exercising.
*now enter the clown comments from the moon boys in the back*
Id be surprised if this goes above its All Time High, buuuuut... i 100% see a run like we seen in May. i will be scaling out of 90% of my positions around 65$ the rest ill let ride.
If you play this right, you dont even need a run any higher then 70 to make good money.
learn to identify the top.
bag holding your shares cause you think this is going to 100k is exactly what "smart money" wants you to do.
am i saying sell your shares at 70? ....NO.
What im saying is HEDGE.
if you got 500 shares... when you see a top starting to form. you buy 5 puts AT THE MONEY. 6 to 8 months out.
Worse case scenario... you get burned on the 5 contracts.
Best case scenario... you get to exercise, your 5 puts. selling your 500 shares for 70$ each, while the price is in the 20s..
Good luck.
This is my last amc post. riddles been solved...
and yes... this is going to under 10$
thus comes high manipulation. slow it down and crush them with time decay.
I see this SLOWLY grinding to the top of the channel.
Then whether you want to hear it or not, i see it SLOWLY grinding its way to the bottom of the channel.
At the bottom on the channel i will be loading up with 6 month calls. at the money, with full intentions of exercising.
*now enter the clown comments from the moon boys in the back*
Id be surprised if this goes above its All Time High, buuuuut... i 100% see a run like we seen in May. i will be scaling out of 90% of my positions around 65$ the rest ill let ride.
If you play this right, you dont even need a run any higher then 70 to make good money.
learn to identify the top.
bag holding your shares cause you think this is going to 100k is exactly what "smart money" wants you to do.
am i saying sell your shares at 70? ....NO.
What im saying is HEDGE.
if you got 500 shares... when you see a top starting to form. you buy 5 puts AT THE MONEY. 6 to 8 months out.
Worse case scenario... you get burned on the 5 contracts.
Best case scenario... you get to exercise, your 5 puts. selling your 500 shares for 70$ each, while the price is in the 20s..
Good luck.
This is my last amc post. riddles been solved...
and yes... this is going to under 10$