Replies to post #68150 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

Thanks for the link, but that's about trading options, and I will never buy ANY deriviative... equity only for me. What I'd like to understand is how they are exploited.

[TrueTrades]

Writing $12.50s for August...all I needed to know! ;-)

I don't play the options, I'm a volatility freak. I did try out this sim:
http://www.cboe.com/tradtool/virtualtrade.aspx

I did not fair too well against the high volatility bio issues I tracked. Blue chip spreads were easier to get a handle on. Learning what to watch for in the chain was more helpful than anything else to me.

Conclusion: Options are for pros and I'm not that pro and don't want to be. I have a life! :-)

Advice: Learn to use short positions to hedge your investments before tackling derivatives.
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