Our Hot Money scanner spotted a new bullish alert in AMC Entertainment Holdings Inc (AMC) after massive bearish put buying.
Here's what I'm doing…
Buy-to-open the AMC Jan. 28, 2022, $17/$15 put spread
At last glance, this is trading around $0.54 per spread.
That means with a max profit opportunity of $1.46 per spread if we sink below $15 per share in the coming days.
As always, I'm averaging into this position and managing risk before entry.
I’ll keep you updated every step of the way.