Ann: Appendix 2A - Exercise of Options, page-21

As posted above - about $20k to $50k - since 5 bags would be $100k to $250k pre-tax profit. Several of those investments combined can become a life-changing amount. Even more so if any of them 10+ bag.

Just be very, very selective on the stocks you select as you want your probability of success high - you ideally want great management and a great asset. You also want to make sure that the market they are chasing is sound and has good growth prospects.

You may also add to positions as management executes and risk decreases.