May Trades

Trades:

• Previous PCX Covered Call expired May 4th. ROI 1.29% on the $4,808 spent buying the 8 contracts.
• Queued Sell to Open 8x PCX Covered Call Strike 6.00, Limit 0.10, expiry May 11th
• Queued Buy 8x RENN at Limit 6.60.
• If filled, will do a Sell to Open 8x RENN Covered Call, Strike 7.00. Price was around 0.50 when the market closed on Friday. This would be a nice 7% return on the $5405 available cash in the account.

Gut Check:

• Decent return on a Weekly Option on the PCX. Price of the stock is going down, however. But even if it hovers and the option premiums are decent, then I'm still okay.