Anavex Life Sciences Corp (AVXL)

[ignatiusrielly35]

Possible that they try to burn the $5 calls but I doubt they can or will do it. Probably satisfied with burning the 7.50s, of which there are twice as many. It depends largely on who is on each side of the call options. When the mm’s themselves wrote (sold) them then they are more likely to be burned. At the end of the day, the $5 calls only represent 400k shares, the 7.50s about 800k shares. If there is strong buying demand for the shares it’s too expensive for them to burn the 5’s. 7.50s would probably be a much better cost-benefit burn for the market masters.