Amarin Corp Plc (AMRN)

[jessellivermore]

George...

Thanks for the reply...It's 6:30 AM and it will take some time to digest your reply...For one thing...You will not be able to exercise the puts after the event and realize any premium based on volatility because the drop is essentially instantaneous..Hedging with puts in the DU decision made a lot of sense because the pps drop was so large and so unexpected..it was a very asymmetrical bet...

At these lower prices its not the same and I favor not buying puts..but just sell some shares and buy calls..(they will be cheap)...The PPS drop if the AC decides for generics will likely not be very much as so many people believe that is a good possibility...I also believe the PPS will recover and come back to current levels because if the AC affirms Du we are in the same place we find ourselves currently..

My strat is to sell AMRN shares..Buy my number two stock..buy $10 Amarin calls..(the stock will go through the roof if the AC affirms Amarin)..don't buy puts...buy AMRN shares in the $4 range if the AC affirms the generics..

":>) JL