Selling our AMC put contracts to manage risk.
Shares of AMC are moving higher as traders wrap up the 2021 trading year. We booked some profits for AMC when the stock broke down earlier in the quarter and may take another bearish play on AMC early in 2022. But for now, we’re closing out our “beta version” positions for this year to start 2022 with a clean slate.
- Selling (to close) our AMC January 21st $38 Puts
- Limit $9.20 or more
- 13:26 Executed
- Sold AMC Jan 21st $38 puts @ $9.35