Looking for Big Moves in Two Techs

I am hesitant to do much on either LinkedIn (LNKD) or Baidu (BIDU) here. LinkedIn is one of those names where the underlying valuation is based on factors which I have a tough time getting my head around, because they don't fall in line with the traditional sense of valuation. I do recognize that. It isn't a fault of the valuation or my own but just recognition that this issue exists, and it isn't my strong suit. Is there anyone who actually thinks LinkedIn trades lower?

The only play I would consider here is going long the November 8 $240 put/$250 call straddle, then short 2x November 1 $220 put/$270 call straddle and long 1x November 1 $210 put/$285 call for around $12.75. I have the $260-$265 area as my upside target and downside targets of $232 and $221. It's tough to see LinkedIn break below the recent secondary pricing, where the lowest trading took place in the $220-$230 area. I want to see the stock in the $215 to $275 range, but I do want to see it move $10 or $15....179 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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