Great spot to play both ways slightly OTM
I don’t usually use linear regression channels because this is supposed to be a stochastic process.. but they actually work well for near term moves especially when the price is sitting directly on center line - good chance it will visit one of the borders soon and if range is wide enough playing both sides simultaneously with OTM cheap enough that you can make good return if either border is hit.
For AMC notice that the last touch of lower border was followed by small bounce to center and then back down. Since it could very easily follow that pattern in reverse (drop to center from touch from upper border followed by bounce to just under upper border) in a squeeze potential environment such as this I like 3:2 calls to puts. Not financial advice.
For AMC notice that the last touch of lower border was followed by small bounce to center and then back down. Since it could very easily follow that pattern in reverse (drop to center from touch from upper border followed by bounce to just under upper border) in a squeeze potential environment such as this I like 3:2 calls to puts. Not financial advice.
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