Anavex Life Sciences Corp (AVXL)

[BeingReal]

just had a DUH moment. IF the party(s) who has been accumulating recently does have a bunch of $5 calls they will want to close near the $5 market to reduce how much they have to pay for them.

If what you mean by having a bunch of calls, saying they bought the calls, then the only thing that matters is the pps being above $5.00. For me, dancing around the strike zone makes it uncertain, I'd rather see a nice climb above $5.00. If you own the option you paid a premium, and when you exercise you only pay the $5.00, regardless of how high the pps is in the money. If the pps goes down, we could still buy for less, but we give up the premium we've already paid. The dilemma is, not knowing forces a decision earlier in the day. I say, break up or break down, but get away from the $5.