$AMC Entertainment(AMC)$ Something unusual happened to AMC and APE immediately after the market closed today. AMC traded 13.7 million shares in 5 minutes after the market closed. I then looked at APE and 13.5 million shares traded in 5 minutes after the market closed. Because of the huge number of the at $7 strike price they will keep the price above $7 but below $7.50 due to the number of call contracts. Any price between $7 and $7.50 causes both strike prices to expire worthless and they keep the premium.
I have been investing for a long, long time and this is the most corrupt I have ever seen the market. Algorithmic trading is a curse to the market along with PFOF and naked shorting. The SEC knows what is going on but looks the other way. Sad, really sad.
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