AMC Options Volume Skews Heavily Bullish, Targeting $3 Strike Price

Options traders are placing speculative bets on a near-term rally in AMC Entertainment Holdings (NYSE: AMC), with data from Monday showing an overwhelming bullish tilt in trading activity. The flow of options contracts was heavily skewed toward calls, which are typically used to bet on a stock's price rising.

Options Flow Analysis

Analysis of the options market revealed a stark imbalance between bullish and bearish positions. According to a report from Investing.com, the activity on September 4, 2026, showed calls outpacing puts by a wide margin.

• Call Volume: 136,032 contracts
• Put Volume: 7,809 contracts
• Call/Put Ratio: Approximately 17.4 calls were traded for every single put.
• Total Volume: Calls accounted for roughly 94.6% of the day's total options volume.

This level of directional activity suggests strong speculative interest in a potential upside move for the stock, which was trading at $2.665, up 4.92%, at the time of the report.

Traders Target $3 Level

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The most significant concentration of activity was on short-dated call options with a strike price of $3. The September 11, 2026, $3 call was the most active contract, with 29,498 contracts traded. For the stock to reach this level, it would need to rise approximately 12.6% from its reported price.

Further indicating the $3 price as a key battleground, the September 18 expiration for the same strike had the largest open interest, with 55,351 contracts outstanding. Some traders appeared to be aiming for an even larger move, as volume was also notable in the $3.50 calls, which would require a rally of over 31%.

Volatility and Market Context

While the volume is a bullish signal, it is important to note that it does not definitively prove that traders were exclusively buying new calls. The activity could also represent traders closing out short positions or engaging in more complex spread strategies. However, the high volume relative to open interest in several contracts points to fresh positioning.

Adding a layer of caution, three-month implied volatility for AMC rose to 90.39%. This high level indicates that the market is pricing in a wide range of potential outcomes and makes options contracts more expensive. An increase in the stock price may not lead to profitable returns for call buyers if this elevated volatility subsides.