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September 18, 2013

$LNKD Weekly Trade

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  • Strategy: Bear Call spread
  • Underlying: LNKD
  • Trade: SELL -1 VERTICAL LNKD 100 (Weeklys) SEP4 13 265/270 CALL @.40 LMT
  • Trade Price: .40¢ credit per spread
  • Margin: $4.60 per spread
  • Return on Risk: 8.69%
  • DTE: 11
LNKD has been one strong stock running from 160 to recent highs of 255. We're looking for a H&S pattern to play out on a 30 min chart and measured move would put this stock around 238. We'd consider closing out this trade on the break above recent high (257.50)