After ‘Black Widow’ fails to lift AMC stock, retail traders are trying to become their own ‘Avengers’
As pointed out last night, AMC might struggle to breach the 35 level. At 08:39 MDT AMC lost another 11%. It breached the 50% Fibonacci. Trading volume already reached 30%
AMC has 56.6% PUT contracts and 43.3% Call contracts. The ratio is 1.3. The Market Maker have to sell the stocks to cover the PUTs. If we gather them all from this week the ratio is about 2
We also can see that barely anyone buys CALL options at the 35 level. There is nothing to drive the price upwards. This is all open and cluttered with PUT options.
All together to see where the Support Level is
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