$LNKD Call Options Surge +216,400%

$MSFT buyout of $LNKD created some massive gains for CALL options.

One particular strike surged over 200,000% yesterday.  From $.02 to over $43 each.  There was a late trade of these options on Friday for roughly $300.  The same trade yesterday morning was worth almost $700,000.  Yes $300 to $700,000 in less than a full trading session.

We've seen similar option moves in the past on buyouts with tremendous potential  gains.



Back at the lows in February $LNKD briefly dipped under $100 a share before finding support.  I mused at the time the stock could be setting up for a 40% move higher.


Ultimately it ended up being an over 90% move to the upside.  And now the chart can be put to rest.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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