WHAT'S UP TRADERS! SO HEAR IS AN UPDATE ON AMC!! ON MONDAY, WE WERE ALL EXTREMELY BULLISH ON AMC BECAUSE WE CLOSED ABOVE $8 BUCKS ! FOR THOSE OF YOU WHO DON'T KNOW WHY THAT WAS A WIN FOR THE POOR PEOPLE AND A BULLISH SIGN FOR THE STOCK, LET ME EXPLAIN. THERE WAS AN OBSURD AMOUNT OF CALL OPTIONS THAT EXPIRED ON LAST FRIDAY WITH A STRIKE PRICE OF $8.00. SINCE WE FINISHED AT $8.01, THAT MEANT THAT ALL THE PEOPLE THAT FINISHED IN THE MONEY HAD THE RIGHT TO EXCERCISE THERE RIGHT TO BUY THE STOCK AT $8 BUCKS. SO WHEN THOSE OPTIONS WERE EXCERCISED IT PUSHED THE PRICE UP OVER $9.20. SOUNDS GREAT RIGHT? EASY MONEY!!! THIS WEEK THERE ARE EVEN MORE CALL OPTIONS THAT ARE LONG ON AMC. A TON AT $8.00 AND ALMOST DOUBLE AT $9. SO THAT MEANS THAT THE WRITERS OF THESE OPTIONS OR SO CALLED SELLERS OF THESE CALL OPTIONS, THINK THAT AMC WILL FINISH UNDER $8 AND $9 BUCKS. SO FAR THEY ARE DOING A GREAT JOB! SO, WHERE ARE WE NOW? I DON'T KNOW ABOUT YOU, BUT I SEE THE RAUNCHIEST CUP AND HADLE PATTERN I HAVE EVER SAW! WE HAVE A TRIANGLE THAT'S BIGGER THAN MY DICK, AND WE NEED TO FINISH ABOVE $8 BUCKS BY 4:00 PM TOMORROW. NOW, IF WE CAN GET SOME DAM VOLUME AND FINISH ABOVE $9 BUCKS TOMORROW, THAT MEANS THAT IF THESE CALL OPTIONS DECIDE TO EXCERCISE THERE OPTIONS AND BUY THE SHORTED SHARES FROM THE HEDGIES/WRITERS/MARKET MAKERS/ SELLERS, WHATEVER THE FUCK YOU WANT TO CALL THEM, THAT WOULD TRIGGER A PRICE MOVEMENT TO THE UPSIDE LIKE NO OTHER. IF WE CAN'T FINISH ABOVE AT LEAST $8 BUCKS AGAIN, THAN IT IS MY BELIEF THAT THIS WHOLE THING WILL BE OVER! HEDGIES GET TO KEEP THERE SHARES AND THE PREMIUMS AND WILL THEN USE THOSE SHARES TO DRIVE THE PRICE DOWN EVEN FURTHER IN A PLANNED SHORT ATTACK. JUST MY 2 CENTS AND REALLY IS THE TRUTH BEHIND AMC IF YOU ARE HOLDER. I HOPE THIS HELPS AND GOOD LUCK GUYS!!
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WHAT I LEFT OUT IS THAT A LOT OF THE SELLERS OF THESE OPTIONS ARE NOT COVERED CALLS. A COVERED CALL IS WHEN YOUR ACTUALLY HOLDING THE STOCK IN ORDER TO SELL THE SHARES TO THE BUYER OF THE CALL OPTION. WHEN YOUR NOT HOLDING SHARES AND THE PRICE FINISHES ABOVE THE STRIKE PRICE, THAT MEANS THAT THE SELLERS OF THESE OPTIONS HAVE TO BUY THE SHARES AT WHATEVER THE MARKET PRICE IS. BOTTOM LINE, WE HAVE TO FINISH ABOVE $8 AT LEAST, AND $9 WOULD SEND THE STOCK TO THE MOON!
Trade active
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Hey guys. I figured I'd give you an update as to what happened today. Amc closed above $8 which is really strong. It also looks like it's breaking out of that huge triangle. Technical analysis says we should go up. It is my opinion that we just finished an ABCDE pattern, finishing wave 4. Wave 5 should hit $13. However, nothing is guaranteed. Today was huge win for the retail investor. We should see people exercising there $8 call options which should give us a rise in price on Monday. I was hoping for it to break $9, but maybe next week. I will be watching this closely with some updates.
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Target 1 $13 hit and then some. Let's see if there's enough steam to hit target 2. I've moved my stop loss up to $13.75. If it gets stopped, I'm ahead of the game and will be looking to re- enter at lower prices.
What about fact almost the whole Nasdaq has tanked around 30% this week..you still expecting AMC to move up?
Darkscythe1
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@Eggo4u, I too am watching the correlation between AMC and the market in general. I think with theaters opening again there may be some prices upward, don't really know how soon. I don't expect not much.
mfariello
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@Eggo4u, I don't expect anything. I would like for it to go up. The chart shows a bullish pattern, however those pattern's don't always play out. That's why it's important to set your stop loss. Right now, it doesn't look good. AMC needs to hold $8 for bullish movement to happen. Long term, I believe it's a great buy between $5-$8.
mfariello
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@Eggo4u, I'm more interested in this stock due to the potential of gamma squeezes or short squeezes. There is a war going on right now between hedge funds and retail investors. No one expected AMC and GME to take off last week. It could happen at anytime. The short interest is extremely high on AMC and I do believe something big is about to happen in the next month. Fundamental's really have nothing to do with it.
Eggo4u
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@mfariello, I understand. I am continuing to HOLD... but as you say it may go down soon before it eventually climbs
thebaitcaster
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Thanks for the info, but could you type in sentence case and use more paragraphs, would. easier to digest the info.