In Tuesday’s Blitz Daily, we take a look at AMC as CEO Adam Aron continues to dump shares.
Aron parted recently with another $7 million in shares, having sold about $40 million in total since August 2021.
The meme stock is also among the top weekly declining names in the Communication Services sector, falling about 8.4% on Tuesday to close at $18.84 a share.
AMC has indeed been in a steady downward spiral since reaching $72 a share last June, having given up more than three-quarters of its value since.
And while it’s prone to a small bounce here and there, the stock continues falling despite attempts from the theater chain’s following to hold on to shares in hopes of taking advantage of another short squeeze.
It seems institutional investors are confident that this junk stock’s slide isn’t over, coming in to buy the Feb. 21 $18 put en masse.
And if AMC doesn’t hold your attention, not to worry… I have two other short-term options trades seeing a lot of activity Tuesday…
- AMC Entertainment Holdings Inc. (NYSE: AMC): Feb. 21 $18 PUT.
- Cleveland-Cliffs Inc. (NYSE: CLF): Jan. 28 $19.50 CALL.
- AT&T Inc. (NYSE: T): Feb. 14 $27 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in about 4 minutes flat!
For more guidance through the stock markets and big-money trades like these for the start of 2022, check out my Weekly Blitz Alerts strategy!
P.S. How does risking just $1 dollar for the opportunity to make $7 sound?
What about $1,000 to potentially make $7,000?
This is what we call the “profit factor” — the risk-to-reward ratio for an investment.
A profit factor over 2.0 is good, while anything above 3.0 is considered outstanding.
For every $1 risked, one strategy has seen $7 in return.
And WealthPress Senior Strategist Roger Scott has perfected the strategy that’s scored a profit factor of 7.05 over the past 12 years of trading!
Blitz Daily With Lance Ippolitto
At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”
But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”
By doing this, we cash in whether the broader market is going up, down or sideways.
The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell.
If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!
In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!