I bought some aggressive calls yesterdat morning, already doing well. Really just a risk/reward play. The fundamentals of AMC couldn't be much worse short term and long term. I do think they will have a 1-2 year boom pent up demand and pent up supply of movies hit but the long term theatre industry has been on decline for a while now. The short term, people don't want to go to movie theatres with covid to see second rate movies. There is simply too much money being invested into digital streaming and attracting subscription base with big blockbusters is too attractive to ignore.
Yup, just bought a ton of $8 put options.