AMC shares have been heavily shorted and dying business, but Americans are starting to see possible light at the end of the tunnel as we talk more about reopening.
We could see short-covering pop shares in AMC and why we have our newest buy alert that triggered this stock.
Here's what we're doing...
Buy-to-open the AMC Entertainment Holdings, Inc. (NYSE: AMC) April 16, 2021, $11 call (AMC210416C00011000) up to $1.15 per contract or better, for the day.
Our monitor triggered this new buy alert after detecting a big money being positioned in the April call contracts.
This is a speculative bet and very fast moving.
Now, we’re going to manage our risk by setting our profit target at $1.45. and our stop-out price at $0.65 per contract.
And I’ll be keeping you updated every step of the way.
To your wealth, freedom, and options!
Joshua M. Belanger