Anavex Life Sciences Corp (AVXL)

[AlchemicalVoyager13]

Long, bought LEAPS at $10 strike, sold $25's for a whopping $1.70 premium to clear appx. $15 if SP hits $25-. IF we get approved, and the odds are highly in favor of that, $25- is quite realistic. This is a calculated, leveraged bet. Just like shares will tumble to a few dollars if a decline. It's just that I own some hundreds of contracts partly paid for by a nice gain, in and out, on CGTX. I suggest you look into this yourself and note the $15/25 scenario is just $0.80, yes, 80 cents for a 12X return. Ask me if I bought some of those yesterday.....:)