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AMC Entertainment call volume above normal and directionally bullish

Bullish option flow detected in AMC Entertainment with 268,565 calls trading, 1.6x expected, and implied vol increasing over 30 points to 179.52%. 3/31 weekly 5 calls and 3/31 weekly 5.5 calls are the most active options, with total volume in those strikes near 99,300 contracts. The Put/Call Ratio is 0.42. Earnings are expected on May 9th.

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