CLOSING the $LNKD Options Action trade - mike

21 sep - LNKD has been crushing every bearish trade so far including this one from mike khouw, another max loss..actually more than max loss if you followed his advice on the revisit on 17aug which was to buy back the short put...in that case you spent an additional 10cents on top of what you paid for the spread originally. like i said below, unless you have some naked puts as in a ratio spread i see no reason to buy back a cheap put just because its cheap. if somehow its part of some other strategy you are moving into then maybe..seems more like throwing good money after bad. see all of mikes trades in this google docs spreadsheet

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17aug - little late posting this but on the last options action they revisited this trade from mike on LNKD, here is the clip LNKD clip . stock was near 102 then, both mike and dan mention to close out the 75put..i disagree with this, yes its going for a dime..but why PAY more money into this trade...you have to pay the .10 plus commissions..i can see if its a 1x2 put ratio..but closing out the 75 put does not change your margin or buying power..do they expect some huge downside breakdown all of a sudden and dont want to cap their profits? they were ok capping profits when putting on the trade.. i dont see an upside to closing the Put..if you want to stay with the trade then stay with it vs actually paying more money into it

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10aug - if you followed mike into this trade you are down about 50% with stock trading near 104. still 6 weeks to go but it was more an earnings play.. dont expect to see it revisited on air with cool music and lots of smiling.

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27july - mike khouw with a bearish trade on LNKD this week, heres the clip LNKD clip

Buy the SEP 95/75 put spread for $4.60 debit

ok trade, goes out to SEP with earnings on 2aug.. he doesnt set it up as an earnings play though. with IV over 120 already on the weekly options, id lean towards doing some type of put calender if i had a bearish thesis for less premium outlay. see all of mikes on-air trades in the google docs spreadsheet -->mike khouw spreadsheet

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