Amarin Corp Plc (AMRN)

[Scruffer]

Of course it was NOT retail.

20,000 contracts * .70 premium * 100 per contract = $1.4M pocketed

1.4M / 4.30 (put option break even point) = 325K+ shares can buy to hold price-up.

Moreover, if stock goes up, the cost of his premium to cover becomes less.

He could begin to cover @ .40, .30, etc.

It was a long day. I was tired.

Here meant,

"To me, usually the smart money sells the option since ~85% end up losing IN SOME aspect".

Of course, when trades 20M shares, 325k isn't a lot.

If fund manager or hedgie, he'll make sure he gets the premium no matter how many shares he has to buy.

He knows $4.30 is a bargain. He'll buy all he has too.

Good luck, Scruffer