Dan Nathan Analyzed Options Activity In LinkedIn Corp Ahead Of Earnings

, Dan Nathan spoke about options activity in

ahead of earnings results. Options market is implying a move of 11 percent on earnings and the average move over the last 4 quarters is 13 percent. Nathan presented a chart with

price movement and showed a couple of gaps caused by disappointing earnings. Implied move is around $30, which means that the stock could fill the gap from April 30 on the upside and test the May lows on the downside. Nathan suggested to traders with a long position to sell some call options against a position to add yield.