Amarin Corp Plc (AMRN)

[FlyFishingStocks]

Kiwi If you are so afraid of dilution, why weren’t you hedged when you were long?

The stock has bounced a whopping +89.5% off the February bottom and of the 140m shares long, not too many are hedging with puts. PUT open interest is minuscule. However, CALL open interest continues to climb as the clock ticks toward the interim announcement.
Aside from a few weak longs who have taken profits, overall consensus views current price action as an overbought pullback on top of major support. Once OB conditions bleed off, the PPS will turn and burn shorts once again.

IMHO the sentiment has changed, making the prospects of dilution (whenever it happens) more of a bullish event versus bearish. The charts think so too.