Benzinga | Dec 7, 2021 11:51AM EST

Looking At AMC Entertainment's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on AMC Entertainment.

Looking at options history for AMC Entertainment (NYSE:AMC) we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 53.85% of the investors opened trades with bullish expectations and 46.15% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $286,168.00 and 6, calls, for a total amount of $778,056.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $28.0 to $33.0 for AMC Entertainment over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for AMC Entertainment options trades today is 5081.43 with a total volume of 20,967.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for AMC Entertainment's big money trades within a strike price range of $28.0 to $33.0 over the last 30 days.

AMC Entertainment Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestAMC CALL SWEEP BEARISH 01/21/ $33.00 $394.4K 943 1.9K 22AMC CALL SWEEP NEUTRAL 01/21/ $33.00 $234.3K 943 656 22AMC PUT SWEEP BULLISH 01/21/ $30.00 $67.4K 12.6K 322 22AMC PUT SWEEP BULLISH 12/10/ $29.00 $47.6K 8.8K 2.2K 21AMC CALL SWEEP BULLISH 01/21/ $33.00 $47.5K 943 166 22

Where Is AMC Entertainment Standing Right Now?

* With a volume of 23,515,382.00, the price of AMC is up 6.72% at $30.72.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 92 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

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