AMC Entertainment Holdings Inc (AMC)

[Stockemup371]

Why is Chanos buying APE?

Options, which confer important rights to buy or sell shares, are traded on common stock, but are embedded within preferred stock. Stock option trading is based on the expectation by one side of the trade that the stock's price will rise or fall within a few months, which works well for the more volatile common stock.

This is going to be interesting how this plays out.