AMC ENTERTAINMENT: Theatres Open, Drama Continues (+26%)
MacorDoζer Holiday Week: Closing The Trade
Executive Summary
MacorDoζer on holidays.
We are closing the trade nevertheless.
1. Recap Situation
See below
2. Why Now?
Good job numbers, share price retrace, 14 days maturity, gamma risk high, last call.
The share price graph is the sum of AMC plus APE.
3. Trade Execution
Trade Entry - Aug 10, 2022
Total: 6.10 Credit.1
Trade Exit - Sep 2, 2022
No pay-out graph is available in our tastyworks broker, due to the split into two different asset classes: ordinary shares and preferred scamp shares: AMC + APE.
See below our buyback options price of 4.57.
Total: 4.57 Debit.2
The absolute return of this trade is
6.10 - 4.57 = 1.53
The capital used was 5.90, resulting in a return on capital of
1.53 / 5.90 = 25.9%
Total credit equals the sum of the mid-prices of each bid/ ask spread. Brokers usually get filled mid-price for liquid options.
Total credit equals the sum of the mid-prices of each bid/ ask spread. Brokers usually get filled mid-price for liquid options.