Replies to post #426932 on Anavex Life Sciences Corp (AVXL)

[Steady_T]

Not sure how I will deal with the options when it gets close to the expiration date.

Depends on what the share price is at that time. My original intent was to sell the options and take the cash. Since then I have considered selling some and exercising some to acquire additional shares.

All that is predicated on the share price being in the money enough to be profitable.

I did model way out of the money options. The risk involved was much higher. I do have a small number of $25 and $35 options. They were so cheap that the Dollar risk was minimal. Call those lotto tickets.

I went with $8 options because they provided about 3 to 1 leverage and my thinking was that an $8 SP was pretty conservative for Jan 2024.