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AMC Enter Hldgs's Options Frenzy: What You Need to Know

Author: Benzinga Insights | April 25, 2024 04:45pm

Investors with a lot of money to spend have taken a bullish stance on AMC Enter Hldgs (NYSE:AMC).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AMC, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 8 options trades for AMC Enter Hldgs.

This isn't normal.

The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.

Out of all of the options we uncovered, 7 are puts, for a total amount of $1,391,497, and there was 1 call, for a total amount of $28,884.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $9.0 for AMC Enter Hldgs, spanning the last three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AMC Enter Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AMC Enter Hldgs's substantial trades, within a strike price spectrum from $2.5 to $9.0 over the preceding 30 days.

AMC Enter Hldgs Option Activity Analysis: Last 30 Days

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
AMC PUT TRADE BEARISH 01/16/26 $2.0 $1.91 $2.0 $4.00 $1.0M 3.0K 5.0K
AMC PUT SWEEP BULLISH 01/17/25 $0.92 $0.91 $0.92 $3.00 $124.0K 11.3K 2.1K
AMC PUT SWEEP BULLISH 01/17/25 $0.92 $0.92 $0.92 $3.00 $72.0K 11.3K 783
AMC PUT SWEEP BULLISH 01/17/25 $0.92 $0.91 $0.92 $3.00 $64.0K 11.3K 3.6K
AMC PUT SWEEP BULLISH 01/17/25 $1.09 $0.92 $0.92 $3.00 $57.6K 11.3K 3.0K

About AMC Enter Hldgs

AMC Entertainment Holdings Inc is involved in the theatrical exhibition business. It owns, operates or has interests in theatres located in the United States and Europe. It provides amenities such as plush, power recliners, MacGuffins full bars, AMC Dine-In Theatres, premium presentation. The Company has identified two reportable segments and reporting units for its theatrical exhibition operations, U.S. markets and International markets. It derives key revenue from the U.S.

Following our analysis of the options activities associated with AMC Enter Hldgs, we pivot to a closer look at the company's own performance.

AMC Enter Hldgs's Current Market Status

  • With a volume of 12,278,414, the price of AMC is down -0.6% at $3.26.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 12 days.

Professional Analyst Ratings for AMC Enter Hldgs

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $4.0.

  • An analyst from Wedbush has decided to maintain their Neutral rating on AMC Enter Hldgs, which currently sits at a price target of $4.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AMC Enter Hldgs options trades with real-time alerts from Benzinga Pro.

Posted In: AMC

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