NEW YORK (AVAFIN) -- A record number of Amarin Corporation call contracts were traded during the busy trading session. There
were 5.8 call contracts traded for each put contract yielding a 0.17 put/call ratio
where 5,144 put and 29,744 call contracts exchanged hands.
The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation
of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a
stock move is imminent.
Shares of Amarin Corporation edged down $0.19 (2.24%) to $8.28. The price of the stock ranged
between a low of $8.25 and $8.63 respectively. The trading volume of 4M is below
the 90 day average volume of 4M shares. AMRN is trading below the 50
day moving average. The stock's 52 week low is $7.01 and 52 week high is $15.96. Within the last quarter, the shares have lost -25.64% of their value.
