LinkedIn Set to Breakout?

LinkedIn ($LNKD) has been one of my favorite stocks over the past few years ) , and I continue to like it here, despite the most recent earnings report that sent shares down the  proverbial 'crapper' on a weak outlook.

I have been waiting for the right spot to add some calls for a move higher into earnings on July 30th, and think this most recent pullback has provided a great opportunity.

The options market is pricing in a mere 2.6% move on the shares this week, and think the out-of-the-money $220 and $225 strikes can offer a nice payday on a breakout, which I think could happen this week.

With the stock down over 7% YTD, and second quarter earnings coming, I think it's only a matter of time before folks start bidding the shares up,. A break and close above $212.50, will set the stage for a swift move into the $220s.


I currently hold  $220/$225 calls, and may add to or close  my position at anytime.


Happy Trading!

- JB


JimmyBob (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, 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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