Staying With Short On LinkedIn ($LNKD) But Buying Calls To Hedge

I do not like the recent run up on LinkedIn ($LNKD).

However, I think it could be buy the rumor and sell the news. As such I am going to stay short BUT hedge the short.

Therefore, 1 May $124 Calls for each 100 shares. The cost of the call is $8.85. A more aggressive hedge would be to buy 2 calls per 100 shares.

If we get the drop I am expecting the stock could be at $90 tomorrow and we will give up some of the gain.