Replies to post #384880 on Amarin Corp Plc (AMRN)

[Whalatane]

Chrom ...I've always been diversified and somewhat risk adverse .
I'm also in my early 70's so its getting late to make it back if I lose a lot
No stock is ever more then 20% of my portfolio and once it is ...I sell some of it.
An example of risk adverse .....;--)
I didn't want to go into the Reduce It readout with a long position in AMRN .
Instead I sold my position ...fortunately largely accumulated in late 2014 at under $1 so I was up 3X at the time ......and put that into an option strategy disclosed on this board

Whalatane
Member Level
Monday, July 30, 2018 1:12:21 PM
Re: Pyrrhonian post# 135453
Post# of 384885 Go
PY. Interesting
My option friend who knows far more about options then I ever will ....laid out a put / call strangle ( different mths ) about a mth ago .. that currently seems to be roughly working. Loss on Calls currently balanced by profit on Puts

Agree strategy only really profitable if AMRN trades above $6 on read out

On road and on phone
Lots of red on my biotech screen today ... not only AMRN

Will reread your post tonight
Kiwi

So I wasn't long AMRN until it traded above $6 on the R-IT results .
I tend to " sell the news "...and disclosed my sale on this board in Dec 2019 on approval of the R-IT indication

I'll probably add to my AMRN position when I see independent confirmation in some form ( Respect / Mitigate trials ) of the R-IT results .....if the risk reduction is at least above 15% -18%

Kiwi