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Gap Fill Support for LNKD

Home › Forums › Swing Trades › Gap Fill Support for LNKD

  • This topic has 0 replies, 1 voice, and was last updated 12 years, 10 months ago by Steven Place.
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  • October 9, 2013 at 2:10 pm #2562
    Steven Place
    Keymaster

    lnkd

    LNKD is finding potential gap fill support, and the magnitude of the move over the past few days suggests that the downside risk isn’t that great.

    Now i’ve been early before, so if you do put on bull put spreads, start with 1/2 position and then add if we pullback to 200.

    Sell Nov 190 Put

    Buy Nov 180 Put

    Credit: 1.30

    Stops at 190. Earnings are in this cycle so we’ll worry about that when we get to it.

    lnkdLook to add the 2nd half of the position if we run to 200.

     

     

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