Amarin Corp Plc (AMRN)

[KCSVEN]

So much more comfortable. I feel like we won. No real fear at all now, stock is worth $25, so what can they take it down to? And I said in multiple posts was expecting unanimous Adcom but still way more comfortable now that it is over, De-Risk!

We know label is getting expanded and a large population regardless of details.

Generics will have more movement mid-December and to date all points positively for Amarin.

Of course they need to prove they can do a billion in sales and fast. Need to show peak sales will be higher than Citi estimated.

But all that seems likely, will we be in the $30's this year? Doubt it, but they execute then next year looks possible, BO price is at least $41 now, maybe as high as $51. So pretty confident 30's next year GIA and $40 minimum BO. Not a lot of scenarios where price is lower 6 months from now than it is now.

Let the momentum traders have their fun.

I sold this week's 27 calls, will keep selling calls as I feel comfortable. I think when smoke clears institutions will take positions and $25 is the price it will hover around so selling calls 25-27 probably the sweet spot.