fuzzballl 11:22 am on Tuesday, April 18, 2017
Tags: Earnings ( 3,108 )

RENN earnings

#Earnings – Is this crazy? Breakeven at 8.05. Risking .05 to make .95 About like a hand of blackjack…

Sold RENN APR 21 2017 9.0/8.0 Bull put spreads @ .95

anachronisti 12:08 pm on Tuesday, April 18, 2017

May have to follow on this one! Thanks!
Option Iceman 12:31 pm on Tuesday, April 18, 2017

$RENN – Same risk/reward as buying the strike 8 call @ 0.05
- fuzzballl 12:37 pm on Tuesday, April 18, 2017
  
  Excellent point. Let’s say they announce on the conference call they are being bought by FB for 20 bucks a share. My spread profit would be capped where the nickel calls would have unlimited upside. I guess selling is so ingrained into my brain that I never even consider buying anything. I’ll be kicking myself if it opens at 10 or 11 tomorrow!
geewhiz112 12:45 pm on Tuesday, April 18, 2017

I rue the casino that allows you through their doors.

Well done. Followed the trade.
- fuzzballl 12:57 pm on Tuesday, April 18, 2017
  
  The odds are probably better at the blackjack table!