AMC superlatives - can we learn from the Tesla mania?
Last week "traders" spent $11.6bn on AMC options according to WSJ (Tesla second at $5,2bn, SPY at $3,07...).
AMC market cap is currently just shy of $25bn. Two weeks ago market cap was some $7.5bn. Churning $11bn in options last week compared to market cap of $7.5bn two weeks ago needs little commenting.
You get the point of the AMC mania.