Replies to post #211826 on Amarin Corp Plc (AMRN)

[Mellowmood77]

Interesting. Could be a hedge or could be a bearish bet.

But maybe someone knows that it has been scheduled Nov 14 for sure now. Another FDA leak most likely.

[rosemountbomber]

Stone, so as of close I see volume for that put option being 4,003. Open interest going in was 48. Tomorrow we shall what happens to the open interest. Obviously it should show more open active contracts BUT what I don't quite understand is how would we know whether these puts were sold or purchased?

[amarinbullfromchicago]

It’s an institution hedging, as was the 5000 September or October puts bought the other day. They have a core long position and from what I can see hedged a lot of their shares both times (1/5-1/4 of total position).

I can’t say who it is, but I can say maverick spoke highly of them as a strong m&a and research firm (not as much anymore but used to be a top level one).

Both trades executed on block and firm was a buyer of puts both times, seemingly as a hedge to adcom on a long stock position, nothing more