Here the Ape Army tries another Attack on the Hedgies of AMC

It is amazing to watch that the market just continues upward after only ONE day of decline!

Up to the moon, bro!

I dont think so. The Call /Put Ratio is still 1.5 and the tide is turning. Yes, we reached average trading volume of 173 million shares but this is the exception. The fundamentals are just not supporting it. Remember, put or call options "ATM" cost the novice trader a fortune, about 1,500-1,700 Dollars a piece. There are cheaper options out there to trade. But who am I to tell you where to waste your money.

Here is a picture of the distribution of AMC options. Yes there is a huge support at $30 where the Market Maker dont want the price to drop, for now, unless they want to pay out all the ITM Puts! That would be around 29 million Dollars. NOPE, they wont let that happen this week. But look at the second graph for next week. A totally different picture. It is thinned out. Not much happening there.

Then there is the price above $42. Yes, all Put options would expire worthless with  Day to Expiration (DTE) this Friday. But more call options would come into play and the Market Maker would lose about 32 million Dollars.

On the other hand if the price stays  between $35-37 the Market Maker would have to pay out only 1 million dollars in Call option and 4 million in Put options. This makes the most business sense to me, this is what I call the Market Maker Sweet Spot. This is the center of gravity.

We will see. I am not an financial advisor or an advisor to the market. The market does what it will. Dont take my word for it. Do your own research.