AMC is owned by a chinese real estate group that, unlike GME, is immediately able to create new shares and sell something worth $1 for $50 now.
The people pushing this don't understand the stock market, or how options work in general.
AMC is not going to run out of shares.....the company will just create new ones as long as prices are at these levels.....
but congrats on sending your money to china
a stock is just the currency of the company. As long as the fed is devaluing the dollar, the currency backed by a company's earnings become worth more than one backed by the us government......so stocks are going to go up the more incompetent the government becomes. That's not manipulation, that's smart money moving to smart currency
But ultimately my point is that the people online touting this stuff are going to get people hurt. Suggesting it's free money is only going to work on people who clearly don't understand the system right from the start.
The concept that they can't cover all shorts is just foolish (AMC just created 11 million new shares out of thin air this week)