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

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

He said that the stock underperformed its competitor iShares Robotics and Artfcl Intlgc ETF 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.