Amarin volume is pathetic when you consider potential events next week. You can't completely r/o DMC meeting Friday...today!
Only 14 business days left in September.
Chance for meeting today is 1:15 or 6.6%, I'd put it higher based on timing of shares on Monday and Tues Investor Meeting. Gives Amarin 4 days to spin continuation. IMO meeting is 25% likely today. We could literally be 90 mins to an 8K and full halt.
Put:Call ratio for the rest of 2016 is 1:8.98 a fairly strong indication smart money is betting the overall trial is a success.
Monday 1:14 Tuesday no chance Wed 9-14 1:13 9-15 1:12 9-16 1:11 9-19 1:10 9-20 1:9 9-21 1:8 9-22 1:7 9-23 1:6 9-26 1:5 9-27 1:4 9-28 1:3 9-29 1:2 9-30 1 1:9 M 1:8 T 1:7 W 1:6 R 1:5 F 1:4 M 1:3 T 1:2
I think we'll see volume pick up at the end of the day;)