LNKD Call Credit Spread

Early this morning I saw that LNKD was trading near the 1st standard deviation level that was expected for the week. The overall trend for LNKD over the past few days have been bearish. I decided to sell the 235/240 CALL spread for a credit of .55 that expire this week.

The stock was trading at 226.50 at the time, and it moved up to high of 229.27. My entry on this could have been better, but I missed the same set up in GOOG just yesterday because I was trying to get the best fill which never happened.

Currently the stock has closed for the day at 220.78 and my spread is worth .11. I do not plan on taking this to expiration so we will see what happens with tomorrows move and try to get out before Fridays news. My exit plan is to buy it back for .05 or less by the end of trading tomorrow.



I will leave an update on the rest of the trade as soon as I close out the position. Feel free to leave any input or questions for me.