re: Holding AMC Thread- Diamond hands unite

We did it!!!

What just happened

Wooo hoooo!!!!

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don't know but I bought 220 shares so I could celebrate with everyone

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Hooray! I think?

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I own some swks that's up $10 today but I only care about the little engine that might

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I won some of that too and didn't know that till you posted it

Bought it a while back up a total of 124% with today's #s. Only have 51.575 shares and reinvesting dividends.

As I understand, now the brokers have to close their position and with so much bought up, they are buying at a premium, thus driving the price up

So technically Monday, AMC should start to skyrocket as those brokerages close positions or pay interest...

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so people know how long to buy and hold for! 9$ Close: 20-30$ on Monday 12$ Close: 40-60$ on Monday 15$ Close: 60-100$ on Monday BUY AND HOLD AMC UNTIL MONDAY. (BUYING NOW YIELDS GREAT RETURN!!

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This ^^^^

man i hope yall right about this! i feel like we won

LINK

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What Is Expiration Time?
The expiration time of an options contract or other derivative is the exact date and time when it is rendered null and void. Derivatives contracts that finish out of the money (OTM) at the time of expiration will become worthless, while in the money (ITM) contracts will be evaluated based upon the settlement price upon expiry.

The expiration time is more specific than the expiration date and should not be confused with the last time to trade that option.

KEY TAKEAWAYS
The expiration time is the precise date and time at which derivatives contracts cease to trade and any obligations or rights come due or expire.
Typically, the last day to trade an option is the third Friday of the expiration month, but the actual expiration time is often not until the next day (Saturday).
Derivative contracts will specify the exact expiration date and time.
Understanding Expiration Time
Expiration time differs from the expiration date in that the former is when the option actually expires while the latter is the deadline for the holder of the option to make their intentions known. Most option traders need only be concerned with the expiration date but it is useful to know the expiration time as well.

According to NASDAQ, the expiration time is:

"The time of day by which all exercise notices must be received on the expiration date. Technically, the expiration time is currently 11:59 a.m. [Eastern Time] on the expiration date, but public holders of option contracts must indicate their desire to exercise no later than 5:30 p.m. [Eastern Time] on the business day preceding the expiration date."

Since many public holders of options deal with brokers, they face different expiration times. Typically, the last day to trade an option is the third Friday of the expiration month, but the actual expiration time is not until the next day (Saturday).

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