Monday’s total option volume of 40.4 million contracts resulted in net open interest growth of 5.61 million calls and 4.62 million puts. AMC Entertainment (AMC), GameStop (GME), Tesla (TSLA) and Apple (AAPL) saw the greatest growth. Top five new positions opened include 60k Warner Bros. Discovery (WBD) 6/28 weekly 7.5 puts, 50k Freeport McMoRan (FCX) Jun-24 55 calls, 48k Patterson-UTI (PTEN) Jun-24 10 puts, 43k AMC Entertainment (AMC) May-24 8 calls and 35k Rivian (RIVN) May-24 10.5 puts.
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Read More on AMC:
- Meme Stocks Surge Again: GME and AMC Lead the Charge
- AMC Entertainment Raises $250M Through Equity Offering
- AMC Entertainment price target lowered to $3.50 from $4 at Macquarie
- AMC Entertainment reports Q1 EPS (78c), consensus (79c)
- AMC Entertainment options imply 15.7% move in share price post-earnings