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Looks like AMC is riding oh so slightly on GME coattails....
lots option play in gme and price action reflected it....
next week should be interesting esp with CAT
Interesting uptick in options for another meme stock....article below
What the Options Market Tells Us About GameStop
BENZINGA 12:15 PM ET 5/3/2024
Symbol Last Price Change
GME 13.515down +0.755 (+5.9169%)
QUOTES AS OF 12:39:48 PM ET 05/03/2024
High-rolling investors have positioned themselves bullish on GameStop(GME) , and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GME often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for GameStop(GME). This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 22% bearish. Among all the options we identified, there was one put, amounting to $55,000, and 8 calls, totaling $371,209.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $40.0 for GameStop(GME) over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GameStop's(GME) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GameStop's(GME) substantial trades, within a strike price spectrum from $10.0 to $40.0 over the preceding 30 days.
GameStop 30-Day Option Volume & Interest Snapshot
Options Call Chart
Noteworthy Options Activity:
Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GME CALL SWEEP BEARISH 05/17/24 $0.94 $0.9 $0.9 $30.00 $88.9K 31.8K 9.6K
GME PUT TRADE BULLISH 05/24/24 $1.0 $0.25 $0.55 $10.00 $55.0K 78 0
GME CALL SWEEP BULLISH 05/17/24 $0.8 $0.79 $0.79 $30.00 $52.6K 31.8K 7.0K
GME CALL SWEEP NEUTRAL 05/31/24 $2.65 $2.59 $2.6 $15.00 $49.6K 846 79
GME CALL TRADE BULLISH 05/17/24 $2.15 $2.1 $2.15 $15.00 $43.0K 24.4K 2.1K
About GameStop
GameStop Corp (GME) is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop(GME) sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop(GME), EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
In light of the recent options history for GameStop(GME), it's now appropriate to focus on the company itself. We aim to explore its current performance.
GameStop's Current Market Status
Trading volume stands at 6,970,199, with GME's price up by 5.49%, positioned at $13.46.
RSI indicators show the stock to be may be approaching overbought.
Earnings announcement expected in 33 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for GameStop(GME) with Benzinga Pro for real-time alerts.
AMC price 3.13 as of 10:30 am est
spread 3.12-3.31 (19cents)
vol 7.3M
GME at 13.78 and still running to new highs
spread 1.47 (12.31-13.78)
vol 4.7M
Just watching the show......
Currently, AMC at low of spread 3.13and GME at high of spread 13.77.....
Still looking to buy AMC but not today!!!!!
IMO the market reaction to unemployment numbers is over from this morning....heheheheheh
Unemployment numbers in....
175K jobs created expected 250k...not quite what was forecast!!!!
unemployment up a tweek 3.9% from last month 3.8%
last time unemployment at 4% was Jan '22
Bottom line rule of thumb inflation goes down when unemployment
goes up....
This report is pretty vanilla....mkts should like the report and indexes
should respond green today......hehehehehehehehehe
AMC 3.15 in premkt....hmmmmmmmmmmmmm
I have some cash to buy but will wait for <3/sh......
DOW up 500 pts on NEWS of unemployment......premkt 8:45am est
Powell should set the tone for the market tomorrow....
Expecting a Hawkish scenario but not to stern.....resulting in another down day for dow....
I'm sure he doesn't want to spook the markets esp w/ Sleepy
Joe and dems bending his ear....consumer confidence is pretty low
they don't want to panic them....heheheheheheeh....imagine that!!!!
lots of balls in air.....
At the Bell
AMC closed at 2.93 down -3.3% from yesterday's close 3.03
spread today only 11 cents (2.92-3.03)
Vol 8.973M and only 393K additional shares added at the bell
Vol relatively lower than running avg 15M
8.93% of AMC was traded on NYSE today...
Volume is very low today.....
avg vol is about 15M we are not even 1/2....
watch the ticker at the bell to see how many shares show up....
but the market is taking a hit in general and consumer sentiment is
very low related to the economy and top 10 most active NYSE stock volume trades
are pretty low in vol....
We shall see..............
I bought blocks of amc today at 2.97, 2.95, 2.93, 2.92 and have some open orders..
AMC price as of 3:21pm est
AMC 3.2+
Vol 7.125M
spread 11 cents 2.92-3.03
Close yesterday 3.03....
Amc down around -3.47%
I'll just keep buying til cash runs out.....anything below 3
hehehehehehehe
I like today's prices and I'm taking advantage.....Just Me and
my opinion......end of msg
by no means financial advice!!!!!!!!!!!!!!!!!!!!!!!!!!!
use investorhub site they have bitcoin in banner click
NOthings changed....low was 60100 range trading at 60844 currently.....
adding nicely AMC today....hehehehehehehehe
dow down around -200 at open and amc is holding 3....
com'n let it go we want to buy!!!!
Kenny let it go....people want to buy
Thanks Kenny!!!!!!!!!!!!!!!!11
JMO anything below 3 is good!!!!!
I bought few blocks yesterday at 3.10 and 3.07 & 3.05.....
looking to load the boat w/ prices under 3.....hehehehehehehehehe
interesting the premkt price isn't moving?????
I expect there are plenty of buy orders for amc under 3....
BTW congrats on 2.76 buy.....
should be interesting if amc dips below 3....
I'm ready.....heheheheheheheheh
Boys in boiler room were busy yesterday and for good reason
short vol ratio yesterday reported at 72.35%....no surprise there.....
btw that's only the number they want you to see...because
more than 50% of data is hidden and not available for retail's eyes....
There must be a ton of buy order under 3......
so what do you do if your a Hedge Fund short
on AMC and there are huge buy orders coming
in on AMC being held up ????
The fact the writers strike had impact on 1st quarter it's pretty safe
assumption 2025 will be a more normal year for theatres and as
a result it's pretty safe bet that revenues will increase.....jmo
Right now the Debt they are carrying is hurting AMC obviously esp to
service it and not having enough revenue to off set expenses....but once
they increase revenue in 2025 I would expect their market cap will increase
accordingly and I would expect they will keep some debt on the books...
I don't expect they will eliminate kall the debt....not really good business practice....
but there are a lot a variables to consider.....it's not as simple as it may appear....
heheheheheheheheheheheh
Do I hear 2.96????
Kenny if you give me 2.98 I'll pull the trigger on my orders!!!!
I bought shares amc today above 3 and have more buys in below 3....
I'm ok w/ 2.96 if I can get it......I would expect 1-2pm time
might give me the buys at that price....but no assurance....
hehehehehehehehehehehehehe
I know AMC had a court case or lawsuit which granted them 37M$ I'm thinking
that was applied to this past qtr. which brought their loss to $163.5M...
we will find out for sure on May 8th.....I expected the loss to be around
-$200M number.....hehehehehehehehe
but settled at 3.28 w/ 2.2M traded in AH.....
Should be interesting going forward.....earnings report was better
than expected....IMO we have seen the bottom.....
did the same!!!!
I think we may have missed a buying opportunity....like I mentioned in previous msgs....
should have could have......not sure we will see under 3 but if we do I'm all in....
I'm going to buy another silo of shares.....I LIKE AMC STOCK....hehehehehehehe
based on 41.8$M raised from the conversion they got 3.26$/sh on the 12.8M shares they sold...
so Adam will undoubtly get a better price going forward on the conversion.....heheheheheehehe
outstanding shares now 276.39M inc. of 12.8M from 263 prior to conversion.....
and market cap is 942.49M$.......hmmmmmmmmmmmmmmm
This is a good base going forward!!!!!.....but 2024 is still what it is......Patience.....like a fine wine!!!!
Bloomberg issued article on restructuring of debt as mentioned by tullia...here is follow up to that article
https://markets.businessinsider.com/news/stocks/amc-entertainment-a-cautious-hold-amid-debt-restructuring-and-potential-box-office-recovery-1033295657
HOLDING STRONG BRO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Infinity and Beyond!!!!
PATIENCE IS KEY!!!!!!!!!!!!!!!!!!!!!!!!!!
2025 should be a good year!!!!!
Also based on AMC early release I was way off base on the sale of shares for the 250M$ conversions
In March 2024, AMC launched an at-the-market ("ATM") equity program to sell its Class A Common Stock having an aggregate offering price of up to $250.0 million. As of April 25, 2024, AMC has sold approximately 12.8 million shares of its Class A common stock and has raised gross proceeds of $41.8 million, before commissions and fees, all of which was received after March 31, 2024.
IMO that's good news for AMC....rock and roll baby!!!!!!
AH trading Friday....AMC popped to 3.74 and settled at 3.28....spread in AH was 3.22-3.74 w/ 2.55M shares traded....
I own AMC because I really like AMC Stock and I'm HOLDING STRONG BABY!!!!!!!
Another one bites the dust!!!
https://www.nbcphiladelphia.com/news/local/regulators-close-philadelphia-based-republic-first-bank-first-us-bank-failure-this-year/3843432/
Preliminary numbers for qtr. are better than expected.....lose of $164M vs expected over $200M and compared to last year....hehehehehehe.....AMC had a 37M settlement I'm thinking got applied this qtr., which helped P&L........and beat goes on.....HOLDING STRONG BABY!!!!!!!!!!!!!!!!!....
Let's start the climb!!!!!.....IMO the bottom is in......darn I should have could have bought more...
hey Kenny how do you like those APPLES!!!!!
https://finance.yahoo.com/news/amc-entertainment-holdings-inc-previews-201500964.html
drum role please!!!!!!!!!!!!!
also short vol ratio ticked DOWN a fraction!!!!!!!!!!!!!!!!!!!!!!
apparently this info had leaked earlier in the week.......
No doubt there is corruption surrounding trading of AMC
But let me be clear I'm HOLDING STRONG ONTO
EVERY SHARE OF AMC
but that's me!!!!!!!!!!!!!!!!!!!!!!!!!
hehehehehehehehehehehe
Happy Friday!!!!!
saw the response by Peter on refinancing of debt.....hehehehehehehehehe
debt is needed in corporations but amc needs to fix their revenue stream first.....
which will impact their P&L....hehehehehehehehe
Hedge fund guys:
https://www.reuters.com/markets/hedge-flow-hedge-fund-borrowing-hits-five-year-peak-goldman-sachs-says-2024-04-22/#:~:text=LONDON%2C%20April%2022%20(Reuters),and%20European%20stocks%20this%20year.
https://finance.yahoo.com/news/investors-pulled-150-billion-stockpicking-224853004.html#:~:text=They%20were%20once%20thought%20of,Financial%20Times%20reported%20on%20Wednesday.
btw IMO the boiler room should be back to full staff today and ready for some serious downplay on AMC.......hehehehehehehehehehehehe
Short vol. ratio yesterday 56.97% and 10 da rolling avg is 57.23%
This morning there are 450K amc shares to short....
But remember majority of trading data is NOT available to retail....
dark pool trading for amc represents around 60% a day off exchange and
only around 10% actually visible trading on NYSE........
so why is that?????
Can you spell C O R R U P T I O N!!!!!
1%ers need to keep their money machine running and throw
anyone under the BUS that might try to impede their ways!!!!
hehehehehehehehe......I've got that Friday Feeling!!!
Maybe the answer is Revolution!!!!!!!!!!!!!!!!!!!!!!!!!
Bodies are buried all over and they can't afford anyone to know!!!!
Change the system!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Imprison the crooks!!!!!!!!!!!!!!!!!!!!!
Citadel miss labeled millions of trades as long vs short and fined couple
million $ and raked in Billions of $'s and Kenny is protesting the CAT system...
wonder why???????? Corruption reins supreme!!!!!!!!!!!!!!!!!
Gary we know Kenny owns your AS_!!!!!!!!!!!!!!!!!!!!!!!!!!!
fyi
https://finance.yahoo.com/news/amc-cinema-lenders-pitch-debt-173210687.html
I suspect 3/4 of boiler room staff was given the day off today.......
funny DJT is up over 7% today....hmmmmmmmmm
is someone a little afraid of the short exposure??????
strange....amc is holding 3.1-3.2??????????????
agreed!!!!....but low may be after earnings....
I think the conversion is done and I don't
think Adam has any surprises this earnings report....
premarket low today so far on amc is 3.14...
GDP and unemployment numbers are driving premkt dow
down......
hehehehehehehehehehe
JMO
This upcoming earnings will be bottom and
AMC should report better earnings going forward.....
so est. -200M$ hit this qtr in my estimation.....there
are a couple of financial factors that could improve that number but we
shall see......
as a result est. amc price might well take a hit....2.38 is low for 52 wk low....
time will tell...
Still HOLDING STRONG!!!!!!
I'm thinking of buying if amc's price dips below 3 again.....
May the force be with AMC retail investors......heheheheehhehehehe
The shorts will definitely be putting pressure on amc price!!!!
as if this hasn't been going on for years......hehehehehehehehe
Short Interest now 19.3% increased 3.23% from 16.07%
Avg of short interest ratio is 58.83%
spread yesterday was 33cents (3.17-3.5)
Vol around 13.434M
https://www.reddit.com/r/amcstock/comments/1cc2kna/peter_hann_on_linkedin_today/
https://www.reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
No buys today!!!!
hmmmmmmmmmmmmmmmmmmm
more on jpm....I was late....heheheheheh....I read it early this morning but was late posting.....hehehehe
https://www.bnnbloomberg.ca/russian-court-freezes-jpmorgan-assets-under-440-million-claim-1.2063321
Well, I'm going to buy a little an this dip.....hehehehehehehehehehe
but just a little......hehehehehe
AMC) - Analyzing AMC Enter Hldgs's Short Interest
BENZINGA 11:30 AM ET 4/23/2024
AMC Enter Hldgs's (NYSE:AMC) short percent of float has risen 16.15% since its last report. The company recently reported that it has 42.19 million shares sold short, which is 16.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.18 days to cover their short positions on average.
Why Short Interest Matters
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: List of the most shorted stocks
AMC Enter Hldgs Short Interest Graph (3 Months)
short_fig
As you can see from the chart above the percentage of shares that are sold short for AMC Enter Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
Comparing AMC Enter Hldgs's Short Interest Against Its Peers
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to Benzinga Pro, AMC Enter Hldgs's peer group average for short interest as a percentage of float is 9.24%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.
Yep looks like the dogs are out!!!
they just released over 400K shares of amc to short...
and quotes are 4 decimal points for amc in premarket.....
thinking there will be some downward pressure on amc
......hmmmmmmmmmmmmmmm
just some media news...weigh with grain of salt!!!
What's Going On With AMC Entertainment Stock?
BENZINGA 1:01 PM ET 4/22/2024
Symbol Last Price Change
AMC 3.355up +0.195 (+6.1709%)
QUOTES AS OF 01:09:31 PM ET 04/22/2024
AMC Entertainment Holdings, Inc. (AMC) shares are trading higher Monday, and the stock is up more than 38% over the past five days. Here's a look at what's going on.
What To Know:
AMC shares continue their recent rally on Monday in spite of a lack of company specific news. Last Thursday, Wedbush analyst Alicia Reese maintained a Neutral rating on AMC Entertainment(AMC) and lowered the price target from $6 to $4, citing the company’s heavy debt load overshadowing positives including improving box office trends.
CEO Adam Aron, one of the largest AMC shareholders with over 2 million shares, pledged his support of shareholders in a post on the social media platform X on April 5.
"Other than to fund mandatory federal and state income tax withholdings, I have not sold even one AMC share since January of 2022. I ride with you," Aron posted.
AMC is expected to report earnings in early May, although a date has not yet been confirmed by the company. According to data from Benzinga Pro, analysts expect the company to report losses of 82 cents per share and quarterly revenue of $839.602 million.
Related News: What’s Going On With Nvidia’s Stock?
Will AMC Stock Go Up?
When trying to assess whether or not AMC Entertainment(AMC) will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
Wall Street analysts have an average 12-month price target of $5 on AMC. The Street high target is currently at $6 and the Street low target is $4. Of all the analysts covering AMC Entertainment(AMC), no one has positive ratings, 2 have neutral ratings and no one has negative ratings.
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering AMC Entertainment Holdings(AMC) have performed in recent history.
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. AMC is 93.05% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about AMC Entertainment Holdings(AMC), visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
AMC Price Action: According to Benzinga Pro, AMC Entertainment(AMC) shares are up 8.39% at $3.42 at the time of publication Monday.
OOH RA!!!!!!!!!!!!!!!!!!!!!!!!
yep there are about 42.191492M shares shorted on AMC
based on BS report of finra representing 16.07%
https://fintel.io/ss/us/amc
but IMO not sure anyone should believe this data....too
much info is obscured just like trading data and dark pool info....
only certain 1%ers have access to real info........
system is corrupt and needs cleansing....JMO
But I will continue to HOLD and watch the show of corruption
in this country....hehehehehehehehehehe
Something is driving the volume on amc.....
JMO again...... might be conversion completion....