Looks like the AMC Threshold FTD situation has taken form. Incredible bounce off of $39...a full $11 swing thus far.
I didn't want to jinx myself or make myself look like an idiot for doing this so I kept it to myself, but I called their bluff and sold about 20 of my September calls yesterday and this morning on the dips, took that money and loaded up on more than 200 $50 to $60 calls for July 16th and July 23rd on the cheap, for about $1 each.
Those have already cleared enough cash to replace the September calls and keep 150 July calls to play on house money. It appears that threshold FTD situation is indeed starting to force their hand.
Dont be surprised if JNJ drops precipitously today or tomorrow .. i saw where they are getting to make an announcement about the possible connection of their vaccine to several cases of Guillen Barre disease.. please dont take this as gospel truth since I’m not sure of it’s veracity, but it’s sucks since i just bought into J&J last month.
ETA annddd less than 15 minutes after I posted, CNN confirms it