##### If you are very bullish on Sage Therapeutics Inc. (SAGE)
###### When you decide to trade this stock as a Covered Call, you could receive a \$5,100 premium just for making it available, no matter what happens to the stock. But if the stock were to rise before expiration you could make a profit of \$5,650. This trade will also get you more than 10% worth of downside protection for your stock.
 Money on the Table: Potential Profit if Stock is Above Strike: Downside Protection: \$5,100 \$5,650 10%
##### If you are neutral on Sage Therapeutics Inc. (SAGE)
###### When you decide to trade this stock as a Covered Call, you could receive a \$5,300 premium just for making it available, no matter what happens to the stock. But if the stock were to rise, you could make a profit of \$5,350. This trade will also get you more than 10% worth of downside protection for your stock.
 Money on the Table: Potential Profit if Stock is Above Strike: Downside Protection: \$5,300 \$5,350 10%
##### If you are more conservative on Sage Therapeutics Inc. (SAGE)
###### When you decide to trade this more protective covered call that will generate \$5,500. If the stock stays the same or even drops up to 10%, you could make a profit of \$5,050. That's right, your stock is protected for up to a 10% drop.
 Money on the Table: Potential Profit if Stock is Above Strike: Downside Protection: \$5,500 \$5,050 10%