AMC’s rally is taking a break today after spiking this morning. I’m seeing a lot more put orders coming through compared to the last two days, which is signaling that the tide is shifting on AMC. Call volume is still higher than put volume, but you have to keep in mind that calls will likely still be traded more frequently than puts even if AMC continues to slide. This is because many more call positions were opened over the last few days, so traders will scramble to exit those positions.
More puts coming through on AMC
More puts coming through on AMC
More puts coming through on AMC
AMC’s rally is taking a break today after spiking this morning. I’m seeing a lot more put orders coming through compared to the last two days, which is signaling that the tide is shifting on AMC. Call volume is still higher than put volume, but you have to keep in mind that calls will likely still be traded more frequently than puts even if AMC continues to slide. This is because many more call positions were opened over the last few days, so traders will scramble to exit those positions.