Receptos = Done Deal

Receptos (Ticker: RCPT) is finally done with the cash hitting my account today. I generated a net gain of 1.87% (25.73% annualized yield). I did not buy back any of my short Puts in Receptos so I will let those will expire worthless at the September options expiration. I’ll continue to play conservatively unless a very compelling opportunity arises. It’s going to take a bit of time for the market to repair itself from the recent sell off.

For those who want to make some lunch money, The St. Joe Company (Ticker: JOE) is initiating a tender offer for $18.00 per share. There is an odd lot priority so the company will purchase all shares tendered for those with 99 shares or less.