Amarin Corp Plc (AMRN)

[sts66]

"Everyone needs to relax" - no kidding! You can always tell when the board is getting nervous if you're like me and generally a day behind on posts - you'll come across a large number of replies to posts that have vanished into the ether.

Guess what Jan 17 is? The mother of all option expiration dates.

What makes this one any more special than previous important options dates, like pre-AHA in Nov 2018, or the week of the AC last Nov? I've also looked at max pain whenever call options get to very high levels, especially around those binary events, and the pps has never gone that low - it's been $17 multiple times, and the worst is usually than calls at $20 or higher expire worthless, the $18's and $19's end up ITM. Not sure how big the BB's are in AMRN options, but I'm 99% sure they're making good money lending shrs to the shorts.

If it were me, and I was playing the “game,” I’d let the final shakeout be patent litigation. Maybe news of not settling will be enough. Finally scare the last of the weak hands out. Simultaneously approaching 90% institution ownership and wiping out Jan 17 options.

'Tute ownership is not going to jump from 48% to 90% in one or two weeks - and AMRN will never have ownership levels get anywhere close to that level - as an ADR it cannot be part of any US stock index (Russell's, S&P's, etc), so the dozens upon dozens of funds and ETFs that track those indexes cannot own AMRN either. Look at the mega-cap ADRs like GSK and BP - their level of 'tute ownership is around 10% - GSK is in no pharma, biotech, or healthcare index. Fund managers earn their keep by beating their benchmark, which is often an index - with no benchmark there's no decent way to evaluate the performance of the fund manager.