Replies to post #417020 on Anavex Life Sciences Corp (AVXL)

[crescentmotor]

I have loaded up on the still cheap Jan 19 2024 $8 calls

Holding 20 of those myself and contemplating getting more. I have a larger number of Jan 17 2025 $10 calls to hopefully capture some AD related share price gains. In the interim, I am trading a portion of my core shares that I try to grab around $9 for the daily swings--sold 2,000 shares today for $0.30/share profit. Just something to do while we wait.

[bb8675309]

Right on, RedSoulder. Those in the money calls should do well. GLTU.

[Hoskuld]

Another strategy could be to buy and sell a call spread - buy the $10 calls and sell the $15 calls - maybe be out of pocket $1.25 to make $5 if the stock is over $15, break even if stock is over $11.25 (for example.)