I don't see how you could be surprised by this development, it was going to clearly occur prior to January options expiring. You need to mesh your charting abilities with trading motives....
Does the pattern break $23? Yep... When? Keep an eye on June calls... If Amarin files sNDA by the end of Q1...Q2 could see a label expansion with an accelerated approval.
Thoughts?
We won't see investment banks cover peak sales.
Unlikely Amarin does a Europe deal prior to US sNDA filing.
EMA filing could be simultaneous? Does EMA have a fast-track program? Europe partner offer before 2020. (Comes with a few billion upfront IMO)