Market Overview

Kevin Kelly's Global X Robotics & Artfcl Intllgnc ETF Trade

Share:

Benchmark Investments' Kevin Kelly spoke on Bloomberg Markets about a bearish options trade in Global X Robotics & Artfcl Intllgnc ETF (NASDAQ: BOTZ).

He said that the stock underperformed its competitor iShares Robotics and Artfcl Intlgc ETF (NYSE: IRBO) due to its exposure to industrials, Asia and Europe. Kelly wants to take a short position in the name by purchasing the June 20 put for $0.78. The trade breaks even at $19.22 or 3.90 percent below the closing price on Wednesday.

Posted-In: Bloomberg Markets Kevin KellySector ETFs Options Markets Media ETFs

 

Related Articles (BOTZ + IRBO)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Jim Cramer Shares His Thoughts On Blackstone, Citigroup, Yeti And More

Eli Lilly, EOG, McDonald's, Gold Miners ETF: 'Fast Money' Picks For March 27