Replies to post #297804 on Anavex Life Sciences Corp (AVXL)

[BAR123]

That is also the big problem with doing long calls when you are expecting the stock to make some big runs. The best play with the calls would’ve been to write covered calls when the stock was at 25 or above you could’ve gotten about $12-$14 for those. And then buy them back when the stock came back down to 1250

[Steady_T]

Thx vg_.

I understood all that. You are correct I got $2.15 for the calls meaning the breakeven price for the buyer was $9.65.

I still don't understand why they haven't been exercised when the share price was in the $20's. Perhaps the buyer of those calls sold them to someone else at the higher price.

I have been trying to think of a way that a short might be involved and so far nothing comes to me.