Anavex Life Sciences Corp (AVXL)

[EarthBard]

Jun 21 $5 Call - Sold quickly @ $0.20 while AVXL quote @ $3.55

Buyer anticipates increase in price by +46% to $5.20 to break even by June 21.

My annualized gain $0.20/$3.55 x 52/5 = +59%

Trading covered calls in AVXL for awhile and the "standard" new 1 month $2.50 call for when the stock was $2.50 = $0.15-$0.20; so I am getting the same premium on time value, but I also get to keep $1.45 worth of potential price appreciation.

Again, for those who do not trade in the options market, this is all extremely bullish or insanely speculative. I only sold covered calls on 1/2 my position, waiting to see what pans out this week before making a decision on the other 1/2 next Tuesday.

EB