Calls Purchased on Amarin - Amarin Corp (NASDAQ:AMRN)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Shares of Amarin (NASDAQ: AMRN) 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.

27% profit every 20 days?

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