How I knew to buy AMC 2 weeks ago
AMC has been popping the last few days - but here’s how I knew to buy 2 weeks ago and capture this entire rally.
You have to watch the option flow.
Here’s what I saw on May 11:
2 days later, AMC was up 22%
I watched as AMC options looked super bullish about every other day. On the “off” days, the activity wasn’t bearish, which told me to stay in AMC. The off days were just cool offs, where volume fell off and the flow wasn’t super bearish or bullish.
Every time AMC has popped over the last 2 weeks, the option flow was extremely bullish the day before. The put/call ratio was super low, and call premium was 2 to 5 times put premium traded.
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