Shares of Amarin Corp. (AMRN) are up .12 to 1.71 today. ?AMRN is near the bottom of the 52 week range.
Today paper traded 5000 AMRN Sep 2.5 calls for .09. ?The ADV is 854 contracts.? The OI is 886 contracts.
The volume went up in 1 block.? There is huge open interest on the Sep 2s and at the time this trade went up .01 from the offer.? With Aug trading there seem to be call buyers everywhere driving the IV30 up 40 points.? Paper is looking for big up moves.
30-day implied volatility is 126%.?? 10-day implied volatility is 37%.? 30 day implied volatility is trading above the 10 realized volatility
Amarin Corporation plc (Amarin) is a late-stage biopharmaceutical -company with expertise in lipid science focused on the treatment of cardiovascular disease.?