Replies to post #501450 on Anavex Life Sciences Corp (AVXL)

[Steady_T]

I would do more of these but I already have a boat load of calls at various strikes and exp dates as well as shares. If I had known about this strategy earlier I would have used it a lot more.

Pretty much at my exposure limit on AVXL.

[ignatiusrielly35]

I get your spread strategy, trust me. There is more than one way to skin a cat. I kind of like the idea of simply buying the calls and then if it rallies a bit you can write the higher calls and possibly get a free ride on the bull spread. In fact, the second leg could be an afterthought on a simple long call position. 

[AlchemicalVoyager13]

I made a bit over $40k on Cognition Therapies in their recent run, 0 shares now, so trying to parlay that gain vis a vis bull call spread.