Loading ...Parabolic Blowoff Top
Great call and trade by FGC on the AMC insanity. It is now very similiar to what happened in late January. When it topped then, it fell from 20 to 5 in nine days. I will try to buy puts if it is above 30 at the open and if they can be had for a relatively reasonable price? I expect it to reach 15 in the next month. 
This morning’s high(so far) of 36.72 is probably the top. Regardless, if it follows the January script there will be at least one sharp down day and then a bounce. That is the safest entry point for puts. Should be early to middle of next week.
CM, I tried shorting the stock this morning. Fidelity investments stated there are no shares to short. I’m not educated in options so I wish you luck. I’m thinking the price reversal is imminent.