Anavex Life Sciences Corp (AVXL)

[Bourbon_on_my_cornflakes]

SMART MOVE:

I had been holding 180 extremely illiquid $8 Jan 2025 calls and, with no guarantee of a MAA being filed, I was getting worried that it wouldn't be too long before the premiums would start to rapidly erode eating away at my unrealized profits. On the other hand, I wanted to continue to hold them because I thought a filing of a MAA would likely result in a nice increase in the intrinsic value on a 1:1 $ basis. But when the price spiked over the past ten days, I decided not to let the opportunity pass to capture those profits since there is no certainty regarding a MAA filing.