Nov. 7 at 3:11 AM
What's going on with
$AMX today?
Saw a tight cluster of 2,400 Nov 21
$21 call blocks hit the ask on a down day but no sweeps
This was on InsiderFinance and it's way above the 265 OI, suggesting new positioning
Without sweeps, the directional signal is weak
Analyst consensus shifted to a more cautious Moderate Buy with more holds and trimmed targets
This kind of move removes some upside support
The tape's soft, down 1.13% today and 0.31% over five days with bearish technicals flagged
Patience might be key here
Wait for an OI jump and sustained bid before considering a long position