The only thing people were doing more on Thursday and Friday than seeing the new “Spider-Man” movie was getting a positive COVID test result, but retail investors stayed focused on the former and will worry about the latter next week…apparently.
iframe.twitter-tweet { width: 100% !important; } Those numbers are even more “staggering” considering that the omicron variant is spreading at an alarming rate and the Dow Jones Industrial Average fell more than 530 points on Friday as investors braced for a tidal wave of COVID cases hitting a week before Christmas.“Apes something is happening,” was the title of one popular Friday morning post on subreddit r/AMCStock. “Dow down almost 600 and we are rocketing.
Interestingly, Fidelity’s buy-to-sell ratio was essentially flat on the day, giving the sense that some paper-handed Apes might have cashed in with an eye on the variant. And we’re not unaware that roughly 30% of the many open options trades on AMC — -and options are a huge part of AMC — expired at Friday’s closing bell.
Lol
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Source: MarketWatch - 🏆 3. / 97 Read more »