Kevin Kelly's Southern Co Trade

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Speaking on Bloomberg Markets, Kevin Kelly of Recon Capital Partners suggested that investors should consider a bullish options strategy in Southern Co SO.

He thinks that Southern Co is one of the best run utility company and it's focused on growth. Kelly explained that the company added $2 billion to its capex to boost its growth and he believes it's a good idea to initiate a long position in the name. He wants to do that by selling the November 50 put for $0.52. The trade starts to lose money at $49.48 or 6.36 percent lower from the closing price on Tuesday.

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Posted In: CNBCOptionsMarketsMediaBloomberg MarketsKevin KellyRecon Capital Partners
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