LinkedIn (LNKD) shares are under pressure in active trading and implied volatility in the options on the stock is ticking higher on a July 6 FINS Technology report that “Facebook To Launch Jobs Board” — Link. LinkedIn has managed to generate high profits growth by carving out a niche as a professional social network in a increasingly crowded social media world. Now Facebook is moving into the arena and set to launch a job board in August, according to the article. FINS cites “people familiar with the matter” as the source of the information
LNKD is down $6.12 to $102.74 in active trading of 1.8 million shares. 6,375 calls and 7,510 puts traded on the stock so far, which is about double the expected volume. Weekly 100 puts are the most actives. More than 2,000 traded at an average price of 96 cents. The contract is 2.8 percent OTM and expires on Friday the 13th. Aug 125 calls, Jul 105 puts, Jul 105 calls and Jul 100 puts are the next most actives and 30-day ATM implied volatility in LNKD is moving up 18 percent to 54, but still only in the 25th percentile of the 2012 range (83 and 40.5). Earnings are expected early-August.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.