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AMC Entertainment call volume above normal and directionally bullish

Bullish option flow detected in AMC Entertainment with 38,216 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 138.34%. 10/14 weekly 7 calls and 10/14 weekly 8 calls are the most active options, with total volume in those strikes near 13,400 contracts. The Put/Call Ratio is 0.21. Earnings are expected on November 7th.

Published first on TheFly

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