This afternoon I set up a LNKD 235/240 call spread, collecting a $104 credit on 2 contracts. This play expires next Friday.
LNKD has gone damn near straight up since early July, but now it looks like it's running into resistance around $230. Also the RSI is over 70 which suggests it's overbought. Additionally, the MACD is beginning to rollover. The bottom line is this, LNKD has taken a pause the last week or so and it looks to be losing steam. I believe a slight pullback is in the making.
Either way, I just need it to stay BELOW $235 for another 7 trading days, which I think it'll do.