Replies to post #209358 on Amarin Corp Plc (AMRN)

[KCSVEN]

Without knowing what they did could be either way.

It is probably a Long Straddle but doing it in September seems odd.

It seems a be a volatility play unless they sold calls to pay for puts or sold puts to pay for calls, then it becomes a different story.

[IgnoranceIsBliss]

Someone is just betting that the market is underestimating the chance of an unexpected catalyst in the next month. In either direction.

[CalMustang]

Could also be a short strangle. i.e. they don't expect the price to move lower than $13 nor above $17.

[relocatedmetsfan]

Volume on the day for the $15 strike, 20 Sept expiration...


6248 calls
6504 puts


1200+ calls and 1000+ puts were added to volume after 3:30PM


Major red flags going up