Amarin Corp Plc (AMRN)

[Scruffer]

And GS gave P target of $4.

Probably to buy from retail as their brokers (& same business colleagues) will push to sell.

If gets anywhere near $4.40, buy like hell (but must calculate current premium & OI).

>>> BUT MUST INSURE OPEN INTEREST STILL AT 20K <<<

Someone sold 20,000 $5 June 19 PUTS at $0.70 (as posted by someone yesterday).

$5-.70 = $4.30, but he won't let it get too close to that.

This hedgie or fund manager will insure he keeps his $1.4M premium, even if he has to buy EVERYTHING.

The one caveat is... He can begin to close out his position or premium will decrease so not 100% on this. Have to watch premium, before buying. $5 - "Current--At that date" premium, unless made back his money; otherwise, I'm a big buyer.

Plus, it's a tremendous value, but don't know what news will bring Monday or before 6/19.

Puts forJune 19, 2020
AMRN200619P00005000 2020-04-09 2:53PM EDT 5.00 0.58 0.52 0.64 -0.15 -20.55% 139 20,375 105.47%

https://finance.yahoo.com/quote/AMRN/options?p=AMRN&date=1592524800