Exclusive-Some on Wall Street try options trade to bet against AMC without getting burned

Published by
Reuters

By Matt Scuffham and Saqib Iqbal Ahmed NEW YORK (Reuters) – Some Wall Street traders are betting against another massive rally in AMC Entertainment Holdings Inc and other “meme” stocks this week through a type of wager in the options market that would limit their losses should retail investors behind the run-up prove them wrong. A Reuters analysis of options data and interviews with market participants, including a Wall Street banker and a fund manager with $30 billion in assets, show that some institutional investors have ramped up complex options trades that let them bet the shares will fall…

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