Amarin Corp Plc (AMRN)

[amarinbullfromchicago]

ah i see. when i said on open, i meant market open. im more conservative than some, but i think we open 35-40 and finish the week 45-50. a lot of people will be selling their in the money options/shares once we get that high, but i still think the price rises those 4 days. remember, i expect institutional players to buy 30% (120 million shares) from november 12th to end of november. no retail selling pressure will keep that price down, and they will be happy to gobble up cheap shares.

if you have november 16th options and they are deep in the money, i advise you roll them to january options (it will be very cheap, can probably exchange a november $20 call for a January $21 call). the far downside will have very little premium left, and therefore make this doable. i do not recommend selling your november in the money calls to the market, you will help banks buy low and market makers make money, all coming out of your pocket. spread your selling so you have time, do it on a random monday or wednesday (even if you have 5k options, do 100 at a time 10 times a day, over 5 days). otherwise, you are giving up tons of money to the market as they will widen out quotes, drop their bids, and wait for you to finish your sells.