Anavex Life Sciences Corp (AVXL)

[surftv7]

Make 14%, Sell July $5 calls @.40 Today.

I add 341 @2.99 today and no problem to get 1k at $3 or less....So let's call it a buy of 1000. (At close 319 are still @.40 on bid side ...have seen this for wk or so) .
Based on 1k buy @$3 ...Sell 10 covered calls gets you $390 net..buy 128 AVXL..
Sell 1 more call, net $35 buy 10 AVXL ..
Total now 1138 shares, cost $3k...
Come July 20 pps is +$5 you get sold &
$5 × 1138AVXL =$5690 ...$2690 gain.

So I do that today...a little different..
Sell 11 covered calls @.40 =$440 -$12.58
Fees > net $427.42, Buys 140 AVXL .
Which is a %14 gain. Average pps $2.63.
1140 shares ..cost 3k. @$5 $2700 gain.

Also got my sick wish...a low pps to reconvert Roth IRA....so $2.94 it is.