Fully expecting more fudgery today. But also wondering what’s going to happen to the GME and AMC price with a lot of potential puts being excercised or sold. GME closed below 150 yesterday and AMC below 30.
Not sure on the GME front. I know AMC has a potential gap fill scenario that could see it fall to as low as $25 before an upswing. The only potential thing that could stop it is buying pressure, as I am sure tutes are about to start loading up here in the 20s if it hovers there for long.
Next Monday is earnings, and the company is expected to beat is easily, and there are 42 million T-35 FTDs to purchase from 08/06-08/20, so we shall see.