Amarin Corporation (AMRN) - Unusual Options Volume

Posted on 11/30/2012 by Allen Bersch

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NEW YORK (AVAFIN) -- Trading of Amarin Corporation options resulted in establishing a new 90-day call volume record, where 14,646 call contracts exchanged hands between the buyers and the sellers. A total of 3,806 put and 14,646 call contracts was traded raising a 0.26 put/call ratio on shares of AMRN

Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low put/call ratio implies that investor sentiment is bullish based on the large amount of call options.

AMRN is trading above the 50 day moving average and higher than the 200 day moving average. Amarin Corporation opened at $11.94 and the stock price rose $0.42 (+3.50%) to $12.41 during the market session. AMRN is trading between the range of $11.86 - $12.46. Performance indicators show that the stock has gained 5.92% within the last week.

Amarin Corporation PLC is engaged in the research, development and commercialization of novel drugs for cardiovascular disease.

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