AMC Entertainment Holdings Options Ahead of Earnings

If you haven`t sold AMC before the APE merger, after which it went down on share dilution:

Then analyzing the options chain and the chart patterns of AMC Entertainment Holdings prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached:

AMC trading at $4.47 today, and the calls are up 3X so far. Still bullish in the options chain!
Congrats to those who bought the calls!

Trade closed: target reached:

AMC experienced a fantastic short squeeze, and the stock skyrocketed to $11.89 this week! That means the calls I mentioned were up more than 22.65x or 2265% at their peak! WOW!

Here's the math: $11.89 (price of the stock) - $3.50 (strike price Call that we bought) = $8.39 (minimum premium at its peak) / $0.37 (premium paid for the $3.50 call) = 22.67 or 2267% (total profit at that time)!