Anavex Life Sciences Corp (AVXL)

[jimmy667]

When you sell covered call you dont lose them is they go over the strike price. Say it is $10 then if over 10 then you are forced to sell at 10 so you get 10 plus what ever you sold them for. Also to sell calls there must be someone buying them they could have short shares so by buying calls they protect their account in the case of a blue sky tornado such as happened with CPXX.