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.