AMC Entertainment Holdings Inc (AMC)

[fxsho2008]

I bought some calls in this crap about a month ago. Some $13 April 30 calls. Did not buy many however went against my better judgement, never again even though it's only about $1000 that will probably be worthless by April 30th.

My reason for buying this shit was for the purposes of a reopening trade. AMC put out a PR suggesting some theaters we're opening in March and about 99 percent open by end of March, let's say in the next two weeks. I thought people in general would be more willing to test the waters getting out a bit in a socially distanced theater as opposed to an airplane, a cruise or even a reasturant where you share untencils with the previous guest even though they are supposedly cleaned properly. ( I worked in high and low end reasturants in the past and by no means are forks, knives, cups and dishes cleaned as one might think). So anyway I thought the least chance of contraction of the virus might just be a theater environment ( throw away cups, wrapped candy etc...). I thought taking kids out to the movies would be the least expensive way to get your kids out after being confined for a year. Starts to make sense when you think of it that way. Again a way to test the waters, get out a bit, get the family out, go out on a date etc...do it cheaply while many are still on limited incomes. Again, starts to make sense. But I guess wall street sees it differently