AMC: How To Deal With Gamma Squeeze
Clearly, another round of short and/or gamma squeezing is taking place in the Wall Street Bets names like AMC Entertainment (AMC), GameStop (GME) and BlackBerry (BB), to name a few.
This is currently working very well and with expiration today, I would be surprised if these names aren’t pushed further upwards today. As I’m typing this AMC releases news it is hitting the market (indirectly through B. Riley (RILY)) for 11.5 million shares. That probably means another ~$600 million raised. B. Riley…
