See AMC Entertainment's Recent Whale Deal - AMC Entertainment (NYSE:AMC)

TECHNOLOGY
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People with a lot of money to spend are taking a bearish stance AMC Entertainment AMC.

And retailers should know.

We noticed this today when a large position appeared in the history of publicly available options we track here at Benzinga.

I don’t know if this is an institution or just a wealthy individual. But when something this big happens at AMC, it often means someone knows something is about to happen.

So how do we know what this whale has done?

Today, Benzinga’s options scanner uncovered 12 unusual options trades for AMC Entertainment.

This is not normal.

Overall sentiment among these big money traders is split between 33% bullish and 66% bearish.

Of all the special options we have revealed, 5 are puts with a total value of $197,788 and 7 are calls with a total value of $313,706.

What is your target price?

Considering the volume and open interest of these contracts, whales appear to have set AMC Entertainment’s price range between $4.0 and $20.0 over the past three months.

Changes in turnover and open interest

Looking at volume and open interest is a powerful move when trading options. This data helps track the liquidity and interest rates of AMC Entertainment’s options for specific strike prices. Below you can observe call and put volume and open interest respectively for all of AMC Entertainment’s whale trades within the strike price range of $4.0 to $20.0 over the past 30 days.

Volume and Open Interest of AMC Entertainment Options over the last 30 days

Biggest option discovered:

symbol put/call transaction type emotions EXP date strike price total transaction price open interest Volume
AMC phone sweep bearish 10/07/22 $8.00 $58.4K 700 406
AMC put sweep neutral 24/01/19 $20.00 $57.8K 857 181
AMC phone trade strong 11/18/22 $8.00 $52.8K 617 221
AMC phone sweep bearish 23/01/20 $4.00 $52.0K 395 100
AMC put sweep strong 23/01/20 $20.00 $51.6K 980 181
symbol put/call transaction type emotions EXP date strike price total transaction price open interest Volume
AMC phone sweep bearish 10/07/22 $8.00 $58.4K 700 406
AMC put sweep neutral 24/01/19 $20.00 $57.8K 857 181
AMC phone trade strong 11/18/22 $8.00 $52.8K 617 221
AMC phone sweep bearish 23/01/20 $4.00 $52.0K 395 100
AMC put sweep strong 23/01/20 $20.00 $51.6K 980 181

Where is AMC Entertainment now standing?

  • With a volume of 16,972,962, the AMC price fell -0.17% to $8.96.
  • The RSI indicator suggests that the underlying asset is currently neutral between overbought and oversold.
  • The next earnings will be announced in 49 days.

Expert opinion on AMC Entertainment:

  • Wedbush has decided to keep AMC Entertainment’s Underperform rating. The current target price is $2.

Options are a riskier asset compared to trading stocks, but have higher profit potential. The Serious Option His traders manage this risk by educating themselves daily, scaling in and out their trades, following multiple indicators, and closely following the market.

If you want to stay up to date on the latest options trading from AMC Entertainment, Benzinga Pro offers real-time options trading alerts.