Replies to post #332883 on Anavex Life Sciences Corp (AVXL)

[WolfofMia]

Ahh those January 21 calls looked great to me, a huge gamble, but one that can pay handsomely.

I own a few at 22 strike price.

Also some April 24, at 22 strike price.

A pure gamble indeed.

[ignatiusrielly35]

If you are intent on selling and locking in this price you have to buy puts with an exercise price near the current price. Personally, I would sell slightly OTM calls. If they expire OTM then you pocket the premium and then just sell your shares in January.

[BAR123]

I would wait for the next pop on the stock and hopefully that will take you up in the 30+ range. Then write a January covered call at that price point. much more bang for the buck.