AMC Options
AMC Entertainment Holdings Inc. Options Chain, Implied Volatility & Greeks
Comprehensive options market data for AMC Entertainment Holdings Inc. (AMC). Explore implied volatility patterns, options chain liquidity, gamma exposure levels for one of the most traded meme stocks.
AMC Options at a Glance
What's Covered in This Guide
1 About AMC Entertainment Holdings Inc. (AMC)
AMC Entertainment is the world's largest movie theater chain. The company became a major meme stock in 2021 alongside GameStop, with retail investors rallying to save the company from bankruptcy. The 'Ape' movement remains active, though the company has diluted shares significantly to raise capital.
Company Profile
Key Dates
AMC survived potential bankruptcy through meme stock rallies and capital raises. The company continues to face challenges from streaming and changing moviegoing habits.
2 AMC Options Market Overview
AMC options are extremely active with massive retail participation. The stock is heavily traded by meme stock communities with gamma squeeze potential.
Liquidity Assessment: Excellent
AMC options are among the most liquid by volume. Low stock price makes them extremely accessible to retail.
3 AMC Volatility Profile
AMC implied volatility is extremely elevated due to meme stock dynamics and fundamental uncertainty. IV can spike 200%+ during squeeze attempts.
Earnings Impact
IV rises before earnings but social media events often cause larger IV spikes than earnings.
Historical Volatility vs IV
IV is persistently elevated above HV due to squeeze risk premium.
Term Structure
Often inverted or humped as short-term squeeze risk commands premium.
AMC Gamma Exposure (GEX)
Gamma Exposure analysis for AMC is critical - gamma squeezes have driven massive price spikes historically.
Typical GEX Profile: AMC gamma can swing dramatically. Call buying can create self-reinforcing gamma effects.
Key Levels: Low strike prices mean many retail traders can buy calls. Round strikes attract heavy positioning.
Dealer Hedging: Dealer hedging dynamics are extreme. Heavy call buying can trigger squeezes.
4 Common AMC Options Strategies
These are strategies commonly used by traders on AMC options, based on typical market characteristics. This is not investment advice.
Popular retail strategy hoping for squeeze. Very cheap in dollar terms but expensive in IV terms.
Extremely rich premiums but very high assignment risk during squeezes.
Reduce cost of directional plays. Spreads make squeeze bets more affordable.
Collect premium from high IV. Risk is share assignment in a distressed company.
Play for big moves in either direction. AMC can exceed implied moves.
Key Considerations for AMC Options
- AMC is a meme stock - price often detached from fundamentals
- Retail 'Ape' community remains active and can move the stock
- Company has massively diluted shares to raise capital
- Movie theater business faces structural challenges from streaming
- Short interest and gamma squeeze potential are closely watched
- Options premiums are extreme but often justified by realized volatility
Frequently Asked Questions: AMC Options
How liquid are AMC options?
AMC options are extremely liquid with average daily volume exceeding 400,000 contracts. The low stock price and retail interest create massive liquidity.
What is AMC's typical implied volatility?
AMC implied volatility typically ranges from 70% to 400%. Normal conditions see IV between 100-180%, but squeeze events can push IV above 300%.
What is the Ape movement?
The Ape movement refers to retail investors who bought AMC during the meme stock rally to save the company from bankruptcy. They remain active on social media and continue to trade AMC options.
Can AMC squeeze again?
AMC squeeze potential depends on short interest, options gamma, and retail coordination. While past squeezes were dramatic, massive share dilution has reduced squeeze potential compared to 2021.
Why are AMC options so cheap in dollars?
AMC's low stock price means options have low dollar premiums. However, implied volatility is extremely high, so options are expensive on a percentage basis.
What is the best time to trade AMC options?
The most liquid trading hours for AMC options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate AMC option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for AMC options across all strikes and expirations.
What happens to AMC options at expiration?
In-the-money AMC options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
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