Amarin Corp Plc (AMRN)

[Pyrrhonian]

Hoolllllld onnnn there buddy—I did exactly what I said and made out well. And, most importantly, took on very little risk in the process:

-Bought puts with 15% NPV not long before topline
-Lost 15% NPV, but understood the trading would be “hung up” for a while due to massive turnover
-Waited for that first pullback into upper $9s low $10s and loaded up $6, $7, and $8 calls with roughly 22% NPV
-Sold all on that first run over $14 for about 150% gain.
-Net net my entire account saw about a 17% gain.

I’m happy as hell about that. It played out just as planned, and I took on very, very little risk. And that, imo, is how you can best beat the market. Opportunities like that. Near arbitrage.

You guys tossing Hail Mary’s in your 50’s with your IRAs (and your wife’s!) are simply gambling, and some would say being extremely foolish. Many have lost their life savings on crazy bets like that, and then lost a lot more in the aftermath (their marriages, the respect of their peers and loved ones, sometimes ultimately their lives, because the grief was too great to confront every day afterward). But what can I say? Lots of you will keep doing it until you lose it all. And there’s no stopping that.

Back to how I traded this, I think I’ve done well. I’m happy with my performance, becuse it’s one that can provide returns over a lifetime. It feels healthy.

To date I’ve added about 43% to my NPV trading AMRN. All well timed, well reasoned, reproducible moves. Including the one loss that was quickly converted into an outsized win, just as planned.

So it’s all good ;)