Get started

Amcshortsqueeze

AMC - A Trader's plan to profit on the volatilityI'm not about the HODL life, however I love trading volatile assets such as AMC, Cryptos and Index/Commodity Futures. Here's how I'm planning to trade AMC. I am not sure if this is just a pump and dump or the beginning of another bull run for AMC, so I'll have to see how it reacts when it comes down to the Possible Value Area. It's good to see the volume spike, which is all I've been waiting to see for months with AMC. I don't really care much about rumors or theories. If it's gonna run, the charts will indicate it. No need to listen to any latest news or updates. There are 2 possible scenarios that play out: 1. This was just a pump and dump to shake out retail traders and AMC is gonna go back to sleep or worse, drops below the Support Zone. 2. This was the first pump that will lead into another big push up for AMC. If #1 plays out, I'm hands off. If #2 plays out, this is my plan. Enter around the Value Entry Zone and take profits at my Take Profit zones. I may hold some and trail it up just to see how high it goes but I'm definitely taking profits on the way up.
CAPITALCOM:AMC
by TraderFromTheNorth
AMC - [BEARISH]- Death Cross!For anyone who is unsure what is going on with AMC, I created this chart to help people better get a grasp on it. AMC is currently in the phase following a Death Cross [50 Day MA crosses below 200 Day MA) and where Volume has depleted. So it is currently dead in the waters. Until Volume starts picking up and we get a Golden Cross , there's not much to see here. However, if we get a Golden Cross and we see a Volume spike again, then it's time to start paying attention again. Until then, look elsewhere. Nothing to see here.
CAPITALCOM:AMC
by TraderFromTheNorth
1
AMC is posed to drop further next week, Tuesday.This week was a sliding down the slope for AMC. As predicted it didnt go below $30. And it will not do tomorrow. It just dipped below 30 for one hour just to come back into the profitable range for the Market Makers. Tuesday the trading volume with Calls vs Puts, was 136% Puts. The tide keeps turning. Wednesday the trading volume hit 90% CPR, Call to Put Ratio. The Bears are gearing up to push AMC further down. The Open Interests "CPR", is sitting at 58.66% for this week according to my data and they might vary from broker to broker or data provider to data provider. Nevertheless, they will be outside the range of error. This week seems bearish and so does next week. Even Apes seldom buy anything beyond their immediate sight, open interests in Put contracts are at 90%. Very high The least losses, hence the biggest profit for the Market Makers will be in between < $38 - > $33. We have a huge amount of Put contracts sitting at the $30 level. I call it a level now since the puts are concentrated at $30. It is not a spread out "zone". The price of AMC will not go above $36 with a trading volume of 60% of the average. These Calls are all wasted money, landing in the pockets of Goldman and Sachs. As I said many times before and just think about it, You need an exceptional volume to drive the price up exceptionally in short terms. And buying Call options on a week to week base is super short term trading. Remember there has been above 700 million shares traded to drive the price up on a daily base in May. Now we are creeping at around 60 million. This is 10% of the original squeeze volume. 10%, bro!! This rocket ship to the moon has no fuel loaded. It is an empty decoy to lure in your money as liquidity for the early Apes. You go in and they get out. They sell to you their seat for a lot of money and they know the tank is empty. They will take your money, guaranteed. If they wont go out, all of you lose over time. To push a car up hill, especially if it is a steep hill, you need a lot of horsepower, fuel or ropes for pulling. Just holding the ropes wont do it and thus, it will roll back. The Call options at $34, 36, 40, 45, 50 will disappear tomorrow. The Market Maker cash in, you lose your bet and the Market Maker will own all the long shares. NOW, for them to be sure they will drive the price down with you if you start buying PUT Options. They will cover the underlaying and short AMC. The price goes down and when you take profit they buy AMC back for a lower price and do their profit too, on the slippage and the broker on the commission. BUT, remember they are sitting on a truck load of long positions and they want to dump them. Thus, the speed downhill will be faster!! Take my word for it. Since 7, seven, weeks the Ape Army is losing their battle. They cannot drive the price up!! What makes you think they will do it next week? I am open to think outside the box but you have to come up with some data, any data to support your opinion. Volume In May the trading volume was 380 million up to peak at 750 million PER DAY!! In June it dropped to 300 million a day as a high point. In July we had 170 million in average and now we barely reach 50% of that. What you think is going to happen? You think the volume you need to increase the price significantly, and I just mean by 15 Dollars, can be done with 100 million shares daily? Or do you think it will go up by mystical Pixie dust? Where are the buyers? RSI The RSI is showing a divergence since mid of June after AMC peaked beginning of June. The technical aspect. MACD MACD is a lagging Momentum indicator to confirm your technical, at least for me. Also here we have a divergence going on in the dailies. The only studies I use. SMA 5 and 20 In the daily charts we also see that the MA5 broke below the monthly MA, which is the SMA20. I use SMA5, and SMA20, SMA 5 is the weekly base of 5 trading days and there are 20 trading days in a months and so are 250 trading days in a year. I can clearly see if the average of AMC on a weekly base is breaking below the monthly average! Support and Resistance levels The only Support level sits at $30 with 25,000 Put contracts for now. The Resistance levels sit at $34, 5,000 Call Contracts. The Resistance levels sit at $36, 6,000 Call Contracts. The Resistance levels sit at $40, 6,500 Call Contracts. The Resistance levels sit at $45, 5,000 Call Contracts. The Resistance levels sit at $50, 5,500 Call Contracts. All (98%) of which will expire this Friday, 6th of August, 2021. Nevertheless, Fundamental analysis is king and will eventually prevail when people running out of money and losing interest. Conclusion Now that we saw the first time that AMC broke through the $29 level it shows me the direction where the Market Maker and the Avenger Apes want to walk. It will not break on Friday. Maybe not even on Monday. Remember, Tuesdays and Wednesday are the important days for options. But it will eventually. It must. The small volume will not keep the momentum. Gravity will take over. For the Bulls this is not very encouraging and next week we might see the further decline. We will see where they place the puts. Three things I will watch out for daily. The volume as discussed. Everything below 100 million shares trading volume is nothing. 100 million on the Call Option Side only. Unusual Option Trading at the end of a day from Barchart. Compile it in your Excel and eliminate duplicates and keep those options that were mentioned before but not maybe this day. You will see R and S level pretty clearly. I will calculate the Sweet Spot of the Market Maker and keeping in mind that they are sitting on a train loads of AMC shares ready to sell at any price. This will create an additional downward pressure when the Revenger Apes start buying Puts. All indicators and studies are lagging. Keep that in mind. They only confirm or deny what you already know. I am not allowed to post images here. To see the images too, search Google "in the trenches of option trading" in blogspot. I dont do this to make any money. I do it to clear my mind and to pick the right side of a trade and for documentation reason. Do not subscribe to anything since I am not offering anything.
NYSE:AMCShort
by Option_Crusader
18
The AMC battle will end the week as predicted I said yesterday and the day before: "The Market Maker Sweet Spot moved slightly from $40-38 to $38-35. At $38-35 closing of the week it will have the Market Maker paying out about 5.6 million Dollars. At $33 it would be $11 million so they will stay above that and at $40 it rapidly goes up in costs for them. They will stay below that. Range trading tomorrow as today and Friday will be closing at around 35-36." We saw today, Thursday 7/29, that the Market Maker cut off the movement at $40 and they succeeded. They handled the situation very well today as the past 2 weeks. WHY? The Apes could not come up with call option trading volume! Under 60 million shares traded, falling short on 30% average trading volume. And you have to be above by a lot to make a lot of price movement. This didnt happen. And it will not happen tomorrow either. It would be a miracle. But miracles happen. What was going on? Dont trade the first 30 minutes of a day. The Market Makers are loaded with orders from the Investment banks or hedge funds. They get processed first per computer. Here was high volume and the price went up. Since it hit $40 and I said this is the limit for the Market Maker they sold a bunch of shares and created what we call a "Dark Cloud". This candle went down 50% of the first candle with quite a lot of volume. Then the apes came in and were buying their calls for next week because they only buy for one week in advanced because they like to pay a lot of commission to brokers to make them rich. Trade huge volumes and as much as possible. There was also Put option buying going on but more in the afternoon since the trade volume was 155,000 contracts, of which 63% were call options and 37% were put options. Thus, there is still the sentiment leaning to the upside of AMC with 2:1. The volume disappeared after 2.5 hours and the Market Maker took over after their lunch break. AMC, again at the $40 level, slid all the way back to $38 at closing. And 37 after market hours. $37-38 is the Sweet Spot of the MM, remember. The MM started selling their excessive long positions to drive the price down, to run the apes out of business. They know exactly where your levels are. And I will tell you as I did before. And here is the Market Maker Sweet Sport. Market Maker Bet Strike Calls ITM Puts ITM Total pot. Loss for MM AMC @ $30 $411,400 $18,904,850 $19,316,250 AMC @ $33 $523,600 $10,399,550 $10,923,150 AMC @ $35 $676,000 $5,592,150 $6,268,150 AMC @ $36 $1,304,400 $4,245,150 $5,549,550 AMC @ $37 $2,138,400 $3,148,850 $5,287,250 AMC @ $38 $3,434,700 $2,284,350 $5,719,050 AMC @ $40 $6,631,300 $1,140,250 $7,771,550 AMC @ $42 $13,358,000 $642,450 $14,000,450 AMC @ $44 $22,467,950 $370,600 $22,838,550 Open contracts to expire tomorrow are 31,683 Put contracts and 70,000 Call contracts. Here is something to think about. If next week the trading volume will not go above 60% average the Market Maker will be able to handle the price of AMC like a walk in the park. They will be in control of excessive 3.1 million short positions they can always buy back to drive the price up next week!!! But they also have now additional 7 million long positions in AMC shares to SELL them next week in order to drive the price down. This means in order to drive the price up: ++ Firstly, you MUST buy at least the amount of contracts next week as you did this week to keep the price at the existing level since 70,000 contracts expire tomorrow. You have to match the amount to make NO impact AT ALL! ++ Secondly, you have to come up with the same volume on top of it to move the price above the existing price level. ++ Thirdly, that pressure MUST have longer expiration terms than one week, which becomes much more expensive for the apes and they dont see it. They just eat bananas and the more you promise the more they follow. ++ Fourthly, you MUST match every Put option that is bought DELTA wise, means every PUT option will eliminate a CALL option with the same DELTA. You must match that trading volume to drive the price up! With an assumed 30,000 Put options this week, for next week means you have to eliminate them, too. All over all you need at least 170,000 Call option contract buying next week, which should result in a trading volume of 100% average. And that is only true if the Bears keep sleeping and there are not some 30% avenger Apes turning their backs on the Bulls and walk away. My conclusion AMC will not go above $40 tomorrow, because at this level the headache for the Hedgies starts to accumulate. We can also see how well they handled today with a 30% trading volume and yesterday with a 40% and last week with 50% and 60%. They are exactly there where they want to be. The trading volume is fading. The "Sweet" Sweet Spot is at $37 Dollars now, but either way 38 or 36 is fine. But for sure they also will prefer to go to $35 instead to 40 and to $33 instead to $42. The lower side is cheaper for the Market Makers. Nothing will change with a low trading volume. Compared to this week and I assume here ladies and gentlemen, next week the Ape Army could keep their price level if they can buy 70,000 Call option contracts plus 70,000 contracts for the long position of AMC shares that expire Friday (7 million shares), plus the equivalent of DELTA neutral Call options for 30,000 Put Options = 170,000 Call contracts. A daily trade volume at around 100% could make that happen. Otherwise it is easier to drop the price of AMC since short positions in shares are less than half of the Call contracts due to expired Put options. I think actually only 30% were puts in average. This means to drop AMC you might only need to cover 30% of Call contracts delta wise. It will be easier to break through the downside if the apes cannot make it happen next week. Read this carefully. Drink some Moonshine first before boarding the rocket ship.
NYSE:AMCShort
by Option_Crusader
4
diamond hands. WE THE PEOPLE HODL. Volume finally broke out today. We need that 136 million volume every hour not every day! AMC must test the monthly trend line support of $31.40, that is where I believe the bottom of the flag is. We broke out of a massive triangle but if AMC bounces hard off around this $31 area, it would appear that the triangle was actually much MUCH larger than we thought possible. Which is incredibly bullish considering what a solid breakout in this chart would do. ALL TIME HIGHS of a household name are still only 100% away? Absolute trash stocks get pumped 1000% every week. This is no pump and dump, this is half a year in the making. We are trending on twitter almost everyday, this is the most popular stock everywhere! And you mean to tell me that we only did 136 million volume down 15%? COME ON! I will continue HODL my xxx shares and add to my position every week. Up/down, couldn't care less. Apes strong. What can I say? I like the stonk. Not financial advice. $AMC #AMC
NYSE:AMCLong
by zzzzzzayyzzz
11
AMC Daily Chart - July 19th, 2021AMC on the daily chart is finding support around $31.27 at the writing of this post. I currently see the bullish reversal happening if this ticker moves back above $37.12 to break that downward pressure. If AMC sees a bounce soon, look for a strong resistance around $54.37. Overall, $54.37 has been a critical value in this trade with anything above it being bullish, and below it bearish for me. For all of the apes out there, I hope you crush it!! * I don't hold any positions in AMC, I just like to break down charts and give my opinion based on what I see. ** The script that I'm running is custom, and I'm also using Heikin Ashi candles on this chart for those who ask/wanted to know. Best of luck everyone, let me know your thoughts in the comments.
NYSE:AMC
by James_Mason
1
AMC Fibonacci Levels Trend AnalysisThe cat's outta the bag with AMC ...it's a popular stock I guess (joking). But all jokes aside, the apes remain steadfast in their message but it's also time to revisit the technicals. After retracing from lows earlier this year, the Fib levels and current support/resistance areas on the chart seem to be lining up. The 50 Fib line is clearly a pivot that used to appear as a support level that AMC would test but not break below. Now that it has AND after breaking below the 50DMA, you can see that AMC has gotten denied multiple times not only at the 50 fib but also at the 50DMA. The big question for the week is can this fib area see a break and hold above or will the consolidation trend remain intact? Obviously, apes will be apes and fight to the death but making money is nice too and understanding levels of potential support and resistance are important no matter if you're looking for profit targets or areas of potential buy opportunities. The bigger focus I think may be on what happens at the shareholder vote on the 29th at the AMC annual meeting. There were more details outlined in that proxy statement filed by AMC earlier this month .
NYSE:AMC
by PennyStocks101