http://www.bloomberg.com/news/articles/2016-06-13/anatomy-of-linkedin-options-bet-that-probably-lost-money-chart http://www.bloomberg.com/news/articles/2016-06-

http://www.bloomberg.com/news/articles/2016-06-13/anatomy-of-linkedin-options-bet-that-probably-lost-money-chart http://www.bloomberg.com/news/articles/2016-06-13/anatomy-of... another look at this trade thinks its part of a short vol trade - this kind of trades lose money when the price moves too much too fast. the only way this structure would have made money if there was no announcement about anything - no announcement that there was an acq, or wasn't an acq, or there was any discussion about an acq at all.