Anavex Life Sciences Corp (AVXL)

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Those $10 October options look tempting. Not sure what the premiums are going for today but it seems worth a gamble if you think confirming Rett data will be revealed by then.

October is definitely the right month for speculation on the binary outcomes. They could release data by July but there's a chance the expiration comes and goes before a release. Current IV for October is 150 but it will creep to 200-225 by late June lifting option prices. I like experimenting with options strategies. I just did a risk reversal selling 5 October 2.5 puts to help buy 5 October 7.5 calls for .50 per reversal contract. If we have a negative outcome on both studies, the stock will go to about 1.25 so this strategy is risking 1.75 x 500 to gain potentially far more.