LNKD – $100 into $1025 in 7 hours

Linkedin Corporation has been in sell-off mode since it's recent earnings and announcements of a secondary offering. The once high flying stock, had fallen to $57 on Monday and things looked bleak, as the lock up period for insiders had ended on Nov 21st. Yet these are the type of stocks that can provide great trading opportunities. The stock opened in the low 60's , and held that range until 1:30 pm, when the stock soared amongst strong buying pressure, which was surely coupled with those scrambling to cover their short positions. LNKD closed at 65.93, up 11%.

 

We alerted LNKD $65 weekly calls @ .20 in the morning, and those same calls closed asking $2.05.

LNKD
LNKD

 

It is quite possible that LNKD continues its ascent tomorrow. Time will tell...

 

LNKD 11-30
LNKD 11-30

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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