Investors can start betting against LinkedIn today when options in the social networking site’s stock start trading on U.S. exchanges.
LinkedIn far exceeded expectations when its shares more than doubled in price in the first day of trading on May 19th. As of yesterday, it was valued at nine-billion dollars with it stock priced at more than 86 dollars a share. However, some investors believe there is no way LinkedIn stock can stay that valuable for the long haul. By purchasing what are known as “put options,” those skeptics can make a profit when the price per share falls.