Amarin Corp Plc (AMRN)

[ferretmoney]

Oy! I hope that’s just play money on a wild-ass side bet. I am certainly in for the big ride and not the quick ride, but expecting it to happen by January is a harsh call. I’m sure you know that 99.9% of longshots, or something like that, expire worthless, A more conservative approach is more likely to yield some fruit. For example, I’m short January $25 puts and long January $10 puts, and fully expect to be adding to my share position when shares are put to me at January expiration. I won’t mind at all because I collected $9.55 in premium for those, so my net cost will be $15.55 per share. If by good fortune The share price is $25 or higher at January expiration then I keep the premium as my profit. Risk $1 to make up to $2.16 markup.