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AMRN And RNA - A Lesson In Losing Trade

|Includes:Amarin Corporation PLC (AMRN), RNA

I sold some put spread on RNA and AMRN thinking no news in Sept. and I will be able collect the premium on high IV.

With these trades, I waited too long and was too greedy. With high IV, the market or someone knew that there was a news coming, especially RNA. I had a very nice profit till last day Sept. expiration. In hind sight, I should have sold when I made most of the premium that I would have collected.

A learning experience.

Disclosure: I am long RNA.

Stocks: AMRN, RNA