Premium Options: AMC's IV Crush

What's next for the AMC trade?

AMC is cooling off today after a wild couple of weeks. Both puts and calls are down significantly today as the stock is mostly flat.

Implied volatility levels are declining rapidly, down from the 200% range last week to about 120% for near-the-money calls.

What’s next for AMC?

If you like AMC, I highly suggest holding shares and selling way out-of-the-mone…