LNKD continued its ascent today, and shows how stocks can continue defy it's own fundamentals. We alerted the $67.50 Dec weekly calls @.40, on the morning pullback. LNKD then continued to surge late in the day to a high of $68.25. Our $67.50 calls went for $1.30, a nice 250% gain.
11:54 AM : Like LNKD $67.50 calls right now. Stock squeezed about 1 pm yesterday, so expecting a move up here soon.Currently .30 x .40... Very risky as they expire tomorrow, but reward can be great as well.
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.
It is quite possible that LNKD continues its ascent tomorrow. Time will tell...
