I tried to short it today on IB but I didn't get any fills. Ameritrade had no shares to short either. I just checked the IB site it claims there is 4K shares available to short but I couldn't get any yesterday so I'm not sure if it is actually available. Here is the output from http://individuals.interactivebroke...sa&tag=United+States&ib_entity=llc&ln=&asset= Symbol: LNKD Availability: 4'000 Exchanges: data[13]
Synthetic short would only cost about 15 cents now. 5 cents to buy a $40 July put 10 cents to give to the buyer of a $40 call. eg. stock bid at 88 buy $40 put at 5 cents sell $40 call at 67.90 you have a synthetic short at 87.85 (excluding commissions).
Are you nuts? Wait until insiders start selling after their shares unlock. Just wait for 6 month or so.
the numbers seem to be off. if you sold the $40 call at 67.90 your break even is 107.90. if you bought the put for .05 your break even is 107.85.
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