Disgusting. No matter how much WSB tries to pump AMC, it is dead. Smart money has been in CNK the whole time. You don't hear about the because they aren't run by clowns like how AMC is.
No one was ever pumping anything, it was and remains a purely structural trade. AMC fades in and out because the float isn't as tight as GME.
Low volume marketwide risk-off day.....yet GME rises? What a strange coincidence. Looking for massive downswing for the remainder of the week. Would buy some Friday puts, but the premium is likely insane. Wish I had enough shares to sell covered calls at their absurd pricing.
Every heavy down TSLA day is a strong GME day the last few weeks. Starting to think TSLA calls and GME puts for this Friday. Gonna see where TSLA lands this afternoon. Edit: I'd like to revise a comment from above. Obviously tons of people are "pumping" GME/AMC, but the trade is rooted in structural shortness rather than simply pumping for the purpose of dumping. These people don't understand they don't need to be pumping in the traditional sense.
Supposedly RKT was caught up in a short squeeze, spiking over 70% today. RKTE, a completely unrelated penny stock with a similar ticker, spiked 533% today on no news. Most likely, people mistakenly bought RKTE when trying to get in on the RKT frenzy and spiked RKTE's SP over 500%. The stock market is stupid.
Really strange to see GME holding it's SP when the rest of the non-DOW world is plummeting. 2nd time in a couple weeks we've seen this. I guess it's a "recovery stock"? Lol A couple buy orders in for $300 calls Mar19 and Apr16. Looking to pay about 1/4 of current pricing on both. Let's see if there's a dip soon, IV does look like it's dipping a hair from stratosphere levels. GME options premiums are declining today in general.
Good news. The fund that should've gone bankrupt 5x over in January had a great February! Go America! Melvin Capital Had a Better Month
It's like an old land mine you come across that you think is probably dead, but still has that slight chance of exploding.