Amarin Corp Plc (AMRN)

[ferretmoney]

I always prefer to sell volatility and only buy when IV is relatively low. But to be clear that 30-something/20-something put spread has a 4:1 reward:risk, and I did compare the call spread -no contest. The big decider for me is the ease of exit with put spreads. I rarely hold to expiration, taking the half loaf when it is offered, because too many times holding out for the whole loaf yields no bread. Recently I closed an ARNA 45/50 call spread at $3, cost basis $1, and at expiration is was worthless.