The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said.
Now that many of those market makers have already hedged their exposure, that buying force is largely spent until new positions are opened, analysts said.
Most AMC options contracts are clustered around the $20 to $40 level with open contracts thinning out above the $60 level. AMC was trading above $60 on Thursday.
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