Well, mooging, what an amazing day, if you happen to be a member of the ape nation, let me be one of the first to offer you a massive congratulations. Amc had a monster gained it closed out the day at 26.52, which was a gain of 35.58 and check out the volume and almost traded 700 million shares wow. What an incredible day for amc in this video, i really want to focus on what you should know going into tomorrow, which is not only the end of the week, but it's the final trading day of may don't forget that the stock market is not open. On monday for memorial day, so let's hop right into it.

Let's start off nice and easy. So at the end of the day, after all the action there was a return shares of 6.48 million. A large majority of this will be shorts that covered two days ago. Today, borrowed shares 5.6 million.

I don't know what these shorts are possibly seeing in the chart. That tells them that they should actually take a short position now, but apparently in the aggregate, someone loaned out 5.6 million shares absolutely incredible. Today there was a net return about 875 000, so that puts the shares on loan just below 130 million and right now, that short interest is just below 17. If i had to guess tomorrow, when all these numbers update, the utilization will still be in the high 99 percent in terms of days to cover remember days to cover is the amount of expected shorts divided by some average volume i like to use the average volume Over the past two weeks - and it gives you an idea of if all the shorts wanted to cover right away like nothing else - was happening.

How long would it take them to get out? Well, because today's volume was absolutely massive - don't forget that this number will probably drop tomorrow, just because you're dividing by a bigger number that bigger average volume so to start today off, we were at point eight four days don't be surprised tomorrow, when we get all the New data that this dtc will drop. One thing that i really want to focus on on the data here because, like it's, a very fair question of what's going on, how high could amc go and i just want to throw a couple stats at you. So back in late january, so from tuesday january 26th, up until wednesday january 27th, amc closed out one day at 496 and it opened up the next day at 20 34 massive massive gain. But at that point in time the shares on loan was 78.4 million and the estimated short interest was 11.87.

Let's fast forward till now right there you can see the unknown massive massive jump, 130 million shares, and now the estimated short interest is 17. This tells me that we are not done yeah today. I bet some of the shorts covered. I bet there was a little bit of a gamma squeeze which i'll cover in more detail in just a bit, and i bet there was some fomobind, but i strongly believe in my non-financial advice opinion.

This is just really my own opinion that we are not done with this. I think that there is more to come. I just don't believe for a second that all these shares on loan were possibly covered today, but please remember for all the shorts to cover like i said. I bet that some covered today, not all but remember with that.

It's gon na take two days for those to settle to trading days so for us to find out if they cover today and finally return the shares we will find out from today's action for thursday may 27th. We'll get the result of that on tuesday. At some point, after the trade settles those t plus two days, we'll kind of see that, in the return shares to get a better indication of what actually happened today. I also want to bring this to your attention right here that man they just keep laying into this position.

Look it so we went from really the average length of it being in this for the shares on loan, how long they were loaning them out. We went from 18 days all the way up to 53 days down to 45 and now we're tracking back up, as in they're still holding this they're still borrowing shares against amc. I feel like a crazy person every single time. I look at this data because i just do not understand their thesis beyond beyond really unbridled ego and pride.

But beyond that i think they're just going to lose a lot of money and we could also just see the magnitude of the shares on loan. The amount of borrowers that there are just a magnitude not really the size of how much they're borrowing that's gone from 416, all the way up to 1, 500 down to 1, 000 and now, once again we're going back up to almost 1 100 so still for Whatever reason - and i i just can't really glean why people are still betting against this and in a certain way, that's kind of a good thing, because the more people betting against it, the more people trapped. And it means that the ceiling of where this stock can go will be higher and higher and higher. Now, before i jump into the technicals, i want to talk a little bit more about the gamma squeeze.

So my video update yesterday, i gave more of an explanation of a gamma squeeze, but basically high level view is, as some of these out of the money calls go in the money. These market makers, who sold the options to protect their own risk, are going to start buying shares from the market it's just referred to as delta hedging. So yesterday i think there was a little bit of a gamma squeeze today, because i mean, if you check this out yesterday, we closed at 1950, so they might have covered some of these 16 000, but probably not all so they definitely covered all that exposure. We have 12 000 here at 23 and remember all these.

They represent 100 shares per contract. So right here we're talking about 1.2 million shares, we're talking about um, another 3 000 contracts here. Another 4 000 contracts here, another 1 700.. So tomorrow, in terms of a gamma squeeze right here eyes on the prize, another million shares that market makers would buy before expiration.

If we get above 28 and right here, i highly doubt they already covered for these in terms of their exposure, but we're looking at another 2.5 million shares that they would buy as we get closer and closer to 30.. It's not one of those binary things of like oh. If we go over 30, they would cover it's a grading as we get closer and closer they're going to cover more and more and more, and that's all for june 4th we're a week out. But then, if you look at even 28, this is these are all the ones that expire tomorrow.

This is the exciting thing 3.1 million shares for tomorrow, and i bet today like in terms of like what they're recovering i'm looking at these first two expiration dates. We have 1.1 million; they probably didn't cover it for that until today, uh three, almost four million 1.2 million - so much that they're gon na have to cover for an exposure, and that's just these first two, don't even get me started on these gigantic numbers. All the way on june 18th of what they would have to cover for as long as amc continues its trip upward, and this is awesome because in the event that we see a bigger and bigger gamma squeeze, let me remind you, i think we saw kind of A miniature one today, but i think it could go exponentially bigger that will full on make all these shorts they're just gon na have to cover and from there you have a giant gamma squeeze short squeeze they play into each other and then even today, clearly on The charts we saw some fomo buying of just like hey, looks like it's going to rip. I think all three of those are going to play into each other.

I get this question a lot of matt. What is your price level? I don't like to call it a price level, because i don't know how you would fairly look at all those three different variables, a short squeeze a gamma squeeze and a fomo buying yeah. You can do a little bit of an estimation on short squeeze, even less of one on a gamma squeeze. There is no way to possibly predict what's going to go on with foma buying, we don't know how big this story is, how many people are possibly interested.

So, for me my personal opinion is just to ride the trend as long as we're trending upward, that's it. I will continue to hold this position as long as i still see a considerable amount of shares on loan, because that tells me that they haven't covered beyond that. Don't fall for any of the fud. The comments from the shills any of the negative comments from any of the media.

It's just not worth it because we have the metrics we can see when the shorts have actually covered and then in terms of a gamma squeeze. We can check out how many calls there are for open interest that these market makers are going to have to basically delta hedge for all right. Finally, let's talk a bit about the technicals, so today, amc did super super well right. Here i mean for the longest time i was beating the drum of once we break out of 1450.

It is game over and look at that. We finally broke out of 18. 14 50 excuse me 14.50, and we are just ripping from that date till now. At one point we're up 118 percent and we closed up 95.

Actually, let's take a look at this over the past week, amc is up 111 past month 144 and from the start of 2021 up 1151. Today, 2976 amc made a new high for the year 2021 and, like i said earlier, i do not think this is done. I think there's too much excitement too much momentum, i'm very very excited to see how tomorrow plays out in terms of technicals. Of course, i'm going to be watching between well right here, 29 76.

It's just the new high, it's the today's high. It's the new yearly high, that's going to serve as some resistance, and we also see some resistance around 30 flat, so i'll be watching. This 25 cent range a little bit just for resistance past, that i'll be targeting 32 and pass that i'll be targeting 35 and then from there. It's just going to be a new set of technicals.

The way i got all these levels is just some previous resistance. In amc stock, it's nothing special, it's not a special math formula, i'm just looking at this! I'm like okay amc got rejected here at 32. It's gotten rejected here around 30.. It's literally just picking out the highs on these charts and don't forget that amc's all-time high appears to be just below 36.

So at that point we have to let price discovery play itself out. There's really i mean you could do fibonacci levels and stuff like that. It does give you an idea of what could go on, but at the end of the day you have to let price discovery play itself out, so we can get a better idea of the supply and the demand in this untested area, but overall to wrap this Up very very exciting day, moving into tomorrow, look for a little bit more of fomo buying a little bit more of a short squeeze and a little bit more of some gamut squeezing and as it adds together, let's see how volatile and how off the rails, we Can see this, how crazy this stock is gon na get i'm so excited? I think the chance of me sleeping tonight is absolutely zero. I am i'm just too jacked up to see how this plays out.

So once again, if you happen to be a member of the ape nation, if you happen to be involved with amc, huge huge congratulations, if you enjoyed this video, don't forget all that good youtube stuff. If you could drop a like hit that subscribe button, blah blah blah just helps out with the engagement and until i catch you next time for me and share best of luck in the markets. You.