Sell Alert: Exit Your AMC June Put Spread

A highly improbable reinflation of a second AMC bubble has emerged which speaks to how fragile and distorted the financial markets have become that this could happen again. As a result, the long leg of our put spread on AMC is likely to expire worthless on June 18. So, we recommend exiting both legs of this trade today.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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