Roll Call.....Here....Morning Apes....This is the biggest week of the...
month for option expiration....Keep in mind not that it matters looking back but the biggest breakout we did on AMC was the following week last month after the 3rd friday week like we are in starting today.Why? less friction between the heavy PUT holders/CALL holders as boths want to win and option writers want to get through the week with their shirt on come Friday. So,I look for a Market up today,1/2 Tuesday and decline Wed,and a rebound Thursday afternoon into Friday.
AS for AMC movement,with GME taking it's hit last week it should be on an uptick this week and good OI in the 250,285 300 Strikes.Roll still thinks next Monday will be the greatest chance for a breakout as writers try to smoke both sides this week.DTC present in the works could make me 100% wrong and we see covering this week asap....See what happens.
GO AMC......Thanks Roll
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