Buying AMC put contracts.
Shares of AMC are falling back below the 50-day average after an unsuccessful attempt to rebound this week. As an unprofitable “meme stock” company, AMC is vulnerable to a sharp decline if Reddit traders start to exit all at once.
- Buy (to open) 12 AMC November 19th $44 Puts
- Limit $7.80 or less
- The new position will represent roughly 8.8% of our Spec Model capital
- 15:54 Executed
- Bot 12 AMC Nov 19th $44 Puts @ $7.59