AMC Entertainment Releases Preliminary Q2 2024 Results; Expects $1.03B Revenue, $32.8M Net Loss, $(0.10) Diluted Loss Per Share, And $29.4M Adjusted EBITDA; Cash Equivalents At $770.3M $AMC
halted
NSCC TO EXCLUDE TRADE-FOR-TRADE (TFT) BALANCE ORDERS FROM RECAPS STARTING AUGUST 2ND
TFT = SETTLEMENT MECHANISM REQUIRING "THE ACTUAL DELIVERY OF SHARES" FOR AN OPTIONS CONTRACT
RECAPS = DTCC's FAIL CLEARANCE SYSTEM
You go to Chipotle
You order chicken. They write a C on the lid of your bowl
You get double chicken
They put a circle around the C so the cashier knows
You own a long option contract
You roll it into a new long position (STC + BTO)
They (the exchange), which assigns every trade a trade code based on the characteristics of said trade, will assign all legs of this trade a trade code that identifies them as belonging to a multileg trade
Rolls are clear and obvious