LogFAQs > #950091440

As an fyi, anyone that wants to get in on amc monday but at a lower risk/basically guaranteed profit. Assuming the price opens around 13.50 and option prices don't change too much.

You can buy 100 amc for 13.50 a share and sell a $16 covered call for ~4ish (not sure exactly what it will open at) a share. this would bring your cost basis down to 9.50.

This would put your cost basis at around 9.50 a share. If it ends the week above 16 you would make $650 on a $950 investment. If it doesn't you end up with 100 shares of amc with a cost basis of 9.50 which you are free to hold or sell another call on to bring your cost basis even further down with.

You can do something similar by selling a cash covered put with a 10.00 strike price for ~$200 dollars. This would require you to have $1000 down. If it finishes above $10 you just made 200 dollars for free. If it finishes below $10 you have to buy them but 100 shares at an $8 cost basis which its definitly worth more. You could also then transition to selling covered calls at this point and keep bringing your cost basis.

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DPOblivion beat us all.