AMC Entertainment Holdings, Inc.
Long
Updated

OPENING: AMC SEPTEMBER 18TH 2 SHORT PUT

153
... for a .75/contract credit.

Notes: Another small, COVID-19 weakness-related underlying, with a cost basis of 1.25/share if assigned.
Trade active
Late post: Rolled the September 2 out to Dec for an additional .22 credit before the train (potentially) leaves the station. Total credits collected of .97; cost basis of 1.03 if assigned on the 2 (94.2% ROC at max in a cash secured environment).
Trade active
Post earnings (if you can call them that), rolling the 2 up a strike to the 3 for a a realized gain and a .43/contract credit. Total credits collected of 1.40/contract.
Trade closed manually
Out here for 1.07. Scratch at 1.40 - 1.07 = .33 ($33)/contract winner. Basically, cleaning up the margin account a bit, so that it's not so "busy." :-)

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