Anavex Life Sciences Corp (AVXL)

[timberwolf7]

I had sold the $12 covered calls just about 2 weeks ago for $3/sh. So up until just before the close, thought they were going to expire in my favor. Till that late surge into the close commenced. And while I saw the PR as 'positive', voiced the opinion that they could use a little PR to 'clarify' what they said in terms the market could evaluate without a lot of guessing on our part.

Ended up paying 15 cents/sh between 3:59 & 4 PM to close the darn things out cause I have had shares in past trades taken away from me when the share price closed with in a few cents BELOW the strike price. And I wasn't about to let that happen, nor let that happen for just a few cents 'over' $12.

But heck $2.85 sh in gains for less than 2 weeks was still pretty darn nice.. and note, I was trying limit orders of 5 and 10 cents before forced to pay 15 cents as they were expiring at the strike price. To cap it off tho, sure wasn't expecting a 'needed' clarification this soon, so Monday could be 'interesting'.