Position: Long put around @ $66 and $56 with expiration spread between today and 4 weeks out.
Target: $32 - Full retracement of this weeks pump.
Reasoning: $AMC has 6x'd. Daily RSI rarely stays up here for long.
Target: $32 - Full retracement of this weeks pump.
Reasoning: $AMC has 6x'd. Daily RSI rarely stays up here for long.
Comment:
Comment:
Volatility has dropped.. Is this the breakdown of the current uptrend happening?