They gamma-squeezed it right into a massive resistance area $32-35.
Premarket plan was to get "short" at the opening pop towards R1=$32, or if it could make it to R2=$35, expecting a brutal rejection there and to tank levels lower, as "theta" of $3,$40 CALLs exp. Friday started to kick in.
Opened strong, popped right into R1, then R2.
Tier 0 offer in-front of R1=$32 got hit, risking $36s, it didn't make it to R2=$35 for the add. Comfortable and good with the size I got, not in a rush to add more.
Got rejected hardat R1/R2 zone and rolled over to pre-market low. Covered 1/3 in-front of premarket low=$27-27.5s.
Found a bid there and squeezed right back up towards R1=$32.
Re-entered short what I covered previously, setting 50% partial stop above R1=$32, remaining above R2=$35, and never looked it again for the day.
03-30-2022
Next day opened lower, rejected yesterday's close and rolled over. I guess this is when
"theta" kicked in and destroyed the $30+ CALLs exp. Friday.
03-30/31-2022
Profit taking towards $21-22 target, tightening stop to each day's HOD on the way lower.
Covered bulk at target, left with a 10% here, stop $25.3, target $21.
04/04/2022
Flat. Doesn't look like it is heading lower
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-29 09:32:08 | AMC | sell | $31.880 | short |
2022-03-29 10:04:22 | AMC | buy | $27.280 | short |
2022-03-29 11:03:04 | AMC | sell | $30.168 | short |
2022-03-30 09:34:58 | AMC | buy | $28.020 | short |
2022-03-30 12:21:06 | AMC | buy | $26.950 | short |
2022-03-30 12:21:06 | AMC | buy | $26.950 | short |
2022-03-30 14:03:06 | AMC | buy | $26.590 | short |
2022-03-30 14:25:38 | AMC | buy | $26.430 | short |
2022-03-30 14:29:30 | AMC | buy | $26.330 | short |
2022-03-30 16:00:02 | AMC | buy | $25.650 | short |
2022-03-30 16:00:02 | AMC | buy | $25.660 | short |
2022-03-31 07:54:57 | AMC | buy | $24.570 | short |
2022-03-31 07:55:21 | AMC | buy | $24.630 | short |
2022-03-31 09:57:20 | AMC | buy | $23.740 | short |
2022-03-31 12:47:30 | AMC | buy | $24.780 | short |
2022-04-01 12:16:49 | AMC | buy | $23.060 | short |
2022-04-01 12:23:15 | AMC | buy | $23.030 | short |
2022-04-01 12:35:37 | AMC | buy | $22.780 | short |
2022-04-01 12:43:41 | AMC | buy | $22.818 | short |
2022-04-01 13:42:34 | AMC | buy | $23.080 | short |
2022-04-04 10:40:57 | AMC | buy | $22.240 | short |
2022-04-04 11:01:45 | AMC | buy | $22.740 | 0 |
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