Kevin Kelly, the CIO of Recon Capital Partners, suggested on Bloomberg Markets that viewers should consider a bullish options strategy in Amazon.com, Inc. (NASDAQ: AMZN).
Kelly believes it would be a good idea to sell the October 720 put for $14. The trade starts to lose money at $706 or 7.18 percent lower from the current stock price. If the stock stays above $720 at the October expiration, Kelly is going to collect the premium of $14, which is equal to 1.8 percent yield in a little bit less than three months.
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