Benzinga | Jan 21, 2022 04:02PM EST

Looking At AMC Entertainment's Recent Whale Trades

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

Looking at options history for AMC Entertainment (NYSE:AMC) we detected 29 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 19 are puts, for a total amount of $1,092,770 and 10, calls, for a total amount of $482,362.

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 $8.0 to $55.0 for AMC Entertainment over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AMC Entertainment's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AMC Entertainment's whale trades within a strike price range from $8.0 to $55.0 in 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 PUT SWEEP BEARISH 01/28/ $19.00 $200.7K 3.2K 2.0K 22AMC PUT TRADE BULLISH 01/21/ $50.00 $74.5K 1.3K 10 22AMC PUT TRADE BULLISH 04/14/ $19.00 $72.2K 894 40 22AMC PUT SWEEP BEARISH 01/21/ $30.00 $71.9K 11.8K 618 22AMC CALL TRADE BEARISH 03/18/ $15.00 $71.7K 423 309 22

Where Is AMC Entertainment Standing Right Now?

* With a volume of 60,545,581, the price of AMC is up 0.89% at $18.23.

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

* Next earnings are expected to be released in 47 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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.