Anavex Life Sciences Corp (AVXL)

[AlchemicalVoyager13]

@ Steady and Ignatius: Look, the whole idea is to do a simultaneous buy/sell of options and in fact if you already own an option, say the $10 strike you very well may NOT be able laterly to sell a $25. You can at the same time via a vertical call. My premise is this: Will the stock very possibly hit $25 in 16 months? If YES, I make 9X my initial investment of $1.65 ish NET cost buy-sell. And that works fine. And...my break even is $11.65. Anytime next 16 months. Don't try to squeeze every penny. The lower net cost lets you enter into more contracts now. That is a huge benefit! I own 153 contracts. And adding until me bet is $30-35k. The payoff, if right, will be a quarter million net profit with a few more contracts added. Good luck folks!