May Trades

Trades:

• None yet. Queuing some Sell-to-Open Covered Calls but waiting to see if stock prices rebound a lot over the next couple of weeks.
• DNDN: Queue Strike 9.00, Limit 1.00
• Price of 5.30 to make 2% ROI if I am assigned.
• Price of 0.31 to make 2% ROI if the option expires
• Price of 0.04 to make any money at all after commissions.
• PCX: Queue Strike 5.00, Limit 1.00
• Price of 1.17 to make 2% ROI if I am assigned.
• Price of 0.15 to make 2% ROI if the option expires
• Price of 0.03 to make any money at all after commissions.
• RENN: Queue Strike 5.00, Limit 1.00
• Price of 1.78 to make 2% ROI if I am assigned.
• Price of 0.16 to make 2% ROI if the option expires
• Price of 0.03 to make any money at all after commissions.
• YPF: Queue Strike 15.00, Limit 1.00
• At any price, I would make money if I were assigned.
• Price of 0.37 to make 2% ROI if the option expires
• Price of 0.04 to make any money at all after commissions.

Gut Check:

• Oh boy. All stocks down. A LOT.
• I am trying to be more organized about selling my Calls, and maybe not be so anxious to lock in a price -- especially after the fiasco with DNDN where I sold a Call, only to have the stock rebound in price above my Strike, forcing me to buy it back.
• I will probably wait 1 week or so to see whether the stocks keep recovering their price.
• DNDN and PCX are supposedly oversold, so they could keep going up.
• RENN is down a lot, probably dragged down by general sentiment after the Facebook IPO fiasco. I could write a call now, but it might still rebound.