Our Hot Money scanner spotted a new bullish alert in AMC Entertainment Holdings Inc (AMC).
Shares have been beaten down and are firming up, which could cause short-sellers to cover.
Here's what I'm doing…
Buy-to-open the AMC Feb. 11, 2022, $19/$27 call spread
At last glance, this is trading around $0.78 per spread.
That means with a max profit opportunity of $6.22 per spread if we spike to $27 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.