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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Published first on TheFly
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