WE are selling the March 24, 105’s for .63 cents per share. This would put us IN LNKD at $104. 27. The target price recently announced by Morgan Stanley is $125.00. This would give us some good upside potential. As the stock has recently pulled back from $116/$118 range, we feel the $105 mark is a good entry point.
We continue to sell covered calls on the shares we currently own and believe this is the magic sauce.
As always consult your advisor before investing of any kind. Options are NOT suitable for all investors an people can and do lose money.
As of this morning the stock has rebounded to the $112 mark. The tide is currently up and you can take advantage by selling the March 24, $115 for .85. This puts us in the black and again hedges our position.
This morning MSFT buys LNKD and the price moves to $194.00. Great gain for those who have been following our positive write-ups on LNKD.