J.P. Morgan Initiates Coverage On LinkedIn

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

J.P.Morgan Chase & Co. is initiating coverage on LinkedIn (NYSE: LNKD) with an Overweight rating and a $85 price target.In a note to clients, J.P.Morgan Chase & Co. writes, "We are initiating coverage of LinkedIn with an Overweight rating and a price target of $85. Shares are trading 70% above the recent IPO price, but we believe LinkedIn is disrupting both the online and offline job recruitment markets, and deeper corporate penetration and increasing member engagement will drive strong results over the next few years."Shares of LNKD are up $3.01 in pre-market trading to $79.39, a gain of nearly 4%.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!