Amarin Corp Plc (AMRN)

[BostonTrader]

There are a few reasons I don’t see a retest or even getting below $17. The first being that option open interest is not anywhere near as high as it was last week. Second, the fear seen this last week isn’t easy to recreate without real news as people will buy the dips again as they did on Friday, as people are more comfortable there are not any real lasting issues with the data. Lastly, I think any large shareholder who would have been tempted to sell at these levels already did this past week. I think volume will get back to the 10-12 million daily level this week.