Amarin Corp Plc (AMRN)

[KCSVEN]

As long as it retains volatility it's a great options selling play, and with confidence high it will move up after FDA approval you alleviate downside fear. You can get 70% return annually just selling puts right now (of course volatility and strike price vary so not that simple) as long as it stays from 14-20 and you smartly choose your strike price and month you can do well and lower your core basis.

I think there are hedge funds looking to take positions and they generally use tactics to keep price down, I like that JT is out there trying to get larger institutional interest which will eventually lead to pricing pressure to the upside. I believe when this does move up to the next level (above $20) it will happen in a matter of a day or 2, just the nature of the stock.

I also believe if market is down 10-20% 6 months from now Amarin will be up. Lots of reasons to keep money in Amarin one way or the other, obviously the bulk of money should be more widely invested and thus most of your portfolio would benefit from a day like today.

Everyone should just Enjoy the summer and ignore the daily stock price since as long as fundamentals are not changed there is nothing to worry about.