Stock / Symbol: LinkedIn / LNKD
Option Strategy: double calendar
Trade entry date / price: Oct 25 / $241
Price at this post: $244
Reasoning: As of yesterday's close, we were already up about 20% on this trade. Going to close out this morning, ahead of the this afternoon's earnings announcement. Current Greeks on this double calendar are: Delta of 1.05, a positive Theta of 181 and a positive Vega of 48. The Theta and Vega really helped us out.
Closing Trade Details:[private_monthly]
STC 1 LNKD Dec13 270 call
BTC -1 LNKD NovWk1 270 call
STC 1 LNKD Dec13 210 put
BTC -1 LNKD NovWk1 210 put
for a min net credit of $11.50 per contract (day order, limit order). Try for the mid - 0.05.
Max Risk: $900 (on fill at $9.00 on entry)
Max Reward: $1000 or 110% (at current volatility level) at either 210 or 270 by Nov 1
Profit range: between 200 and 295 by Nov 1
Suggested Upside stop: $285
Suggested Downside stop: @ $209
Profit / Loss upon fill: $250 or 27% (pre-commission)
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