Amarin Corp Plc (AMRN)

[jessellivermore]

George...

Please understand..I appreciate the fact the Courts may decide in the generics favor no question about it..I also understand hedging..

Where we part company is in terms of strategy..I do not think buying puts in this situation is going to buy you much security...As a major factor in the price of the puts is volatility and you are not going to be able to cash in because by the time you exercise your puts..The volatility is going to be gone..and so is your hedge...I did agree with your previous hedge (at a higher strike and different thoughts about the courts decision..)

You describe the cost of the hedge as "a drop in the bucket" and I do not agree with you...Please understand I took off the rose colored glasses after Du's decision...My idea about the up coming binary event is that the price will fall if the generics win..but most of the price drop will recover when people realise we are in the same boat as we were before the AC decision..And we still have plenty of pastures to farm in Europe,,and elsewhere...So why blow your money on expensive puts....

":>) JL