AMC Entertainment
Short
Updated

PT $6

I give this company a +$1 vs. the St.'s $5 PT. Fading rallies. The latest has another pump left in the tank, long dated puts. TRASH.
Trade active
RSI target nearing where I trim some of this position. Looking for a larger flush through the day but much of that might occur in the AH. Holding 1/3 of the premium through the weekend. Probably catches a small bounce on Monday, but this party is largely over. Rent moratorium will strip out cash on this trade in the coming weeks

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