RENN getting pumped again... this POS will eventually go private or get bought out... CEO tried to do a Dutch Tender auction repurchasing 50 mil worth of shares at no more than $2.75 and it hit $3 today
Bought $4 Jan 16 call and sold $5.50
Already have 1000 shares, 10 $3.50 puts and sold a $4.50 Jan 16 call...
So spent an extra $30 to maybe make an extra $700 today
Bought $4 Jan 16 call and sold $5.50
Already have 1000 shares, 10 $3.50 puts and sold a $4.50 Jan 16 call...
So spent an extra $30 to maybe make an extra $700 today