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LinkedIn Options Go 'Weekly'

"Weekly" options on shares of LinkedIn started trading Wednesday for the very first time.

The ticker was included on the list of "weeklys" distributed by the Chicago Board Options Exchange (CBOE) and available for trading on both the CBOE and the International Securities Exchange (ISE) as of November 23rd for expiration December 2nd, 2011.

Trading in the newly listed "weekly" was very light ahead of the Thanksgiving holiday with just about 1,400 contracts changing hands.

Strikes available for trading covered a nearly $50 range from $47.50 on the downside to $95 on the upside. $60 puts was the most actively traded strike.

Shares of LinkedIn have had a rough run this week, dropping nearly 12 percent since close of business November 18th as the so-called lock-up period for investors that bought on the IPO came to an end.

LinkedIn, a professional networking site with more than 90 million members went public in May, 2011 at $45 per share. The company has already announced plans for a secondary offering of stock.

Follow on Twitter: @lorispechler

Disclaimer

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC's Senior Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.