Calls Purchased on Amarin

Shares of Amarin

are higher on the session by 8.64%, currently trading at $13.20. The stock has been moving largely higher over the past few days and is currently testing the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $20.00 call traded 19,000 times on open interest of 32,688 contracts. Overall call volume is now running at 7.18x the daily average with 77% of all calls traded being purchases on the offer. Amarin Corporation plc is a clinical-stage biopharmaceutical company focused on developing improved treatments for cardiovascular disease.