CLOSING the $LNKD Options Action trade - Enis

2 Aug - per a tweet and posting on the Risk Reversal website, LNKD post . i will close this spread at $1.60 with stock near 93... enis has another trade only featured on the website that he is closing for a loss ahead of earnings and he makes reference to this one so i will assume the same thesis for closing it... never know what earnings will bring but he is using a risk reward so no fault there.. about .70 loss per lot. see this trade and all of Enis's on-air trades here google docs spreadsheet

-------------------------------------------------------------------------------------------------------------------------


27july - not looking good so far with stock above 100 today, still some hope on earnings selloff.. this spread going for about .60 today. earnings next week i believe, check back after that.

---------------------------------------------------------------------------------------------------------------------------

8jun - Enis has a bearish trade on LNKD on show tonight, here is the clip LNKD clip

Buy the Aug 80/70 put spread for $2.35

ok trade if you have a bearish thesis. Enis mentioned earnings are in august, so his max risk is $2.35... i would look at making this a put calender instead..buying the aug80, and selling the july80 for about $2.70.. paying a bit more. if the july put expires worthless you can then own the aug 80 put outright, and call "spread it out" by selling a lower strike put then, reducing the cost of your put spread ideally below the 2.35 of enis's trade. just a thought, have not run the numbers in Trademonsters analysis tab to see if it would make sense. if stock takes a quick drop, Enis's trade will probably see more profits right away.

Enis's on air trades in a google docs spreadsheet

click to follow --> https://twitter.com/Mark_Lexus   for more free trades/ setups and charts