Stonk-O-Tracker AMC’s website program was created by an anonymous developer who expressed a fondness for stocks. Its remarkable popularity among meme-stock investors on Reddit, Twitter, and YouTube. One supporter even described it as a “playful website made for primates, by skilled primates.” The user-friendly interface displays information on AMC, GME, and BBBY. In this article will read 1 Business Why Is Stonk O Tracker AMC Considered A Helpful Resource For Investors?
Stonk-O-Tracker AMC
Let’s take a cue from AMC and delve into the statistics offered by Stonk-O-Tracker. As you land on the website, an orange bar catches your attention, displaying the message “Time until Stonk: 7 hours 19 min 54 sec.” This countdown is nothing but a timer indicating the opening of the New York Stock Exchange. Moving further, you’ll spot a heading positioned immediately below the countdown, featuring a price of $12.78. This was the last trading price of the AMC stock when the NYSE closed.
SSR also called the “alternative uptick rule,” refers to a restriction on short sales. It prohibits short-selling a stock that has dropped by 10% or more from the previous trading day, safeguarding the shares from additional short-selling. The SSR is currently established at $11.50, $1.10 less than AMC’s closing price of $12.78 on the NYSE.
Frankfurt Stock Exchange
On the Stonk-O-Tracker AMC, the label “FRA” indicates the value of AMC stocks on the Frankfurt Stock Exchange, which serves as the primary stock exchange in Europe, denoting the price in euros.
Stonk O Tracker has a section called “Calls ITM Expiring,” which shows the number of call options available for the AMC stock. These options, known as “In The Money,” have a set expiration date and allow investors to buy shares of stock at a predetermined price on a specific date using a call option. If the price on that day is lower than the actual purchase cost, the owner can keep the difference.
The Stonk-O-Tracker for AMC reveals that 5,445 call options due on July 8th at $13 are currently profitable. To better understand this, consider purchasing a single AMC stock call option for $20. If the AMC stock price reaches $25 prior to the expiration date, the call option would be valued at $5. The buyer could use the option to buy AMC shares at the $20 price point and then sell them at the $25 price point. This information is provided through the Stonk o Tracker.
Availability Of Shares To Borrow
The Stonk O Tracker AMC exhibits information about investors involved with AMC, GME, and BBBY. It highlights the number of shares short sellers can borrow for each company. Short sellers intend to acquire shares from a broker on loan and earn a profit by selling them back after witnessing a decrease in price. If a stock is heavily shorted, the number of shares accessible for borrowing reduces. The Stonk O Tracker provides this data.
At the time of the report’s release, 400,000 shares of AMC were available for lending. However, it is important to consider the statement made by the developer of Stonk-O-Tracker. The developer explained that Interactive Brokers determine the number of shares available for lending, which only indicates how many can be borrowed from them. This figure does not necessarily reflect the total number of shares that can be borrowed but simply provides a helpful overview.
The Tits-Up-Tracker
The Stonk-O-Tracker now features a comical moniker as the “Tits-Up-Tracker.” To access it, click the corresponding tab in the upper right segment. This tool monitors two key indicators, the “US Daily Treasury Statement” and “Reverse Repurchase Agreements.” The latter showcases the utilization of the Overnight Reverse Repurchase Facility, which allows the Federal Reserve Bank of New York to extract surplus funds from the system by lending out securities that it holds. These securities are then bought back the following day.
According to the creator of Stonk O Tracker AMC, he sources information for the web tool from the subsequent origins:
- The SEC
- Yahoo Finance
- Shortvolumes.com
- Interactive brokers
- Market Chameleon
- etfdb.com
- Finra
- ComputerShared.net
Final Words
The creator of Stonk-O-Tracker AMC has stated that the website is not necessary for making a profit but is asking for donations to cover operating expenses. Donations can be made through PayPal, and any excess funds will be donated to charity. Shareholders can use the Direct Registration System to lock up GME, AMC, and BBBY shares without a broker. This practice is being utilized by many shareholders to prevent short sellers from accessing the stocks. The use of DRS by a significant number of investors can make it more challenging for market makers to lower the prices of GME, AMC, and BBBY stocks.