Is AMC Going To Spike Again?

Dividend Investing
by Jay Soloff
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AMC Entertainment (AMC) was a popular meme stock for Reddit/Robinhood traders back in the height of the meme stock frenzy. However, the stock hasn’t done much in recent months – until now. Last week the stock jumped 13% in a day with over 3x more options volume than normal. One of the larger trades on the day appears to be a bullish call spread purchase, suggesting the price spike could continue in the short-term. 

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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