Why Is Stonk-O-Tracker AMC Considered A Helpful Resource For Investors?
The website program known as Stonk-O-Tracker AMC was created by an unknown developer. He claims that he “just likes stocks.” It has attracted a lot of attention from investors who claim to be meme stocks on Reddit, Twitter, and YouTube. One of the investors called it “a fun website designed for apes by great apes.” The interface is simple and displays data on AMC (GME) and BBBY.
Stonk-O-Tracker AMC
Let’s take AMC as an example and look at the statistics Stonk-O-Tracker offers. You’ll first notice an orange bar running across the site. The orange bar across the website reads, “Stonk time is 7 hours 19 minutes 54 sec.” It is a countdown until the New York Stock Exchange opens, so it is easy to understand. You’ll also notice the price in the heading on the left. It is located immediately below that bar. The AMC stock traded at this price when the New York Stock Exchange closed.
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SSR is short for “short sales restriction,” also known as the “alternative-uptick rule.” This regulation prohibits the short sale of stocks that have fallen 10% or more since the previous trading day. This prevents stocks from being shorted again. The SSR, in this case, is $11.50. This is $1.10 lower than AMC’s closing price of $12.78 on the NYSE.
Frankfurt Stock Exchange
Stonk-O-Tracker AMC’s heading “FRA” displays the price for AMC shares on the Frankfurt Stock Exchange. FRA is Europe’s main stock exchange, and its price is displayed in euros.
Stonk-O-Tracker has a feature called “Calls IITM Expiring.” This section lists the number of call options available for AMC stock. These options are called “In The Money” and expire at a particular date. Stock can be purchased by an investor at a predetermined amount on a particular date. The stock can be purchased using a call option (also known as a call). The owner can keep the difference if the stock’s price falls below the actual cost of purchase.
According to the Stonk-O-Tracker AMC, 5,445 calls expire on July 8 at $13 and are “in the money.” To see how it works, consider someone purchasing one call option on AMC stock at $20. If AMC stock prices are $25 on the day it expires, the call option is worth $5. The call option can be used to buy the AMC share at $20. They can then sell it for $25.
Borrow Shares
The Stonk-O-Tracker AMC shows investors from AMC and GME. It shows the maximum amount of shares each company can borrow. These short sellers are trying to borrow shares from a broker. After waiting for the price to fall, they make a profit and then sell the shares back. The number of shares that can be borrowed decreases when a stock is significantly shorted.
At the time of publication, 400,000 AMC shares were still available for loan. The Stonk-O-Tracker developer made this clear. Interactive Brokers delivers the number of available shares that can be borrowed. This simply shows the number of shares that are available to borrow from them. It may not reflect the whole pool of shares available for borrowing. This is a brief overview.
The Tits Up-Tracker
The Stonk-O-Tracker recently added the jolly-named “Tits-Up-Tracker.” You can find it by clicking the tab in the upper left corner. The “US Daily Treasury Statement” (or “reverse repurchase agreements”) are the two measurements that the “Tits Up-Tracker” keeps track of. The Federal Reserve Bank of New York’s Overnight Reverse Repurchase Facilities usage is shown in the Reverse Repurchase Agreement Metric. This allows it to remove excess cash from the system. It can do this by borrowing securities from its balance sheet. This is possible before it buys it back the next time.
Stonk-O-Tracker AMC’s developer claims that he gets information for the website tool from these sources:
- The SEC
- Yahoo Finance
- Shortvolumes.com
- Interactive brokers
- Market Chameleon
- etfdb.com
- Finra
- ComputerShared.net
Last words
Stonk-O-Tracker AMC’s founder claims the website is unnecessary for profit. He solicits donations to help cover operating expenses. You can donate using your PayPal account. You can make donations with the confidence that any donations above operating expenses will go to charity. The Direct Registration System allows shareholders to lock up their GME and AMC shares without the need for a brokerage. This is a common practice among shareholders to prevent short sellers from accessing the shares. It will be much harder for market makers to lower prices for GME, AMC and BBBY stocks. If enough investors use DRS, this happens.
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