As you can see, this stock is highly controlled by robots. The house always wins, so I strongly advise NOT to buy call options. It is much safer to buy puts, especially if you are holding shares long term. CALLS on AMC 99.9% of the time will expire worthless, even if they are cheap.
Bear situation, we break down below fib level. That's it this stock is finished.
Bull situation, we trade sideways on low volume, Not sure how long, but if we hold at some point there will be a bounce. It will need an incredible amount of volume to break it past the resistance levels. Volume meaning 500+ million shares.
This is a dirty game. Do not waste money on call options.
Bear situation, we break down below fib level. That's it this stock is finished.
Bull situation, we trade sideways on low volume, Not sure how long, but if we hold at some point there will be a bounce. It will need an incredible amount of volume to break it past the resistance levels. Volume meaning 500+ million shares.
This is a dirty game. Do not waste money on call options.