The third Friday of every month for Anavex. Some options in other stocks have additional Fridays for expirations. The third Friday is pretty standard for most.
I wouldn't say that it is magnetic. But $5 to $750 is a little easier to justify than $5 to $10 with the history of Anavex. Options are only available in $2.50 increments in anavex.
I choose $5 call options as cheap as I can get them so I can be barely in the money and not have much of a time decay. If the premium is too high for a stock that's cheap... It makes more sense to just buy the shares.
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.
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