LinkedIn (LNKD) has been showing some relative strength in an otherwise ugly market the past few days. Was previously in 77.5/72.5 spreads and bought those back for a profit. Have been eyeing the stock for another entry point. Shooting against the horizontal support line at ~95, the 20-day sma, and the rising 50-day sma & lower Bollinger band. Current max pain strike is at 92. OptionsHouse says the probability of max profit is 84.3%.
Trade:
Sold LNKD Apr 12 90/85 put spreads for ($0.60-$0.20) x 100 x 4 spreads = $170 premium received
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