Market Overview

Kevin Kelly's Equinix Options Trade

Share:
Related EQIX
Dial Up 5G With This ETF
Barron's Picks And Pans: Abercrombie, Equinix, Kraft Heinz, Twitter And More

Kevin Kelly spoke on Bloomberg Markets about a bullish options trade in Equinix Inc (NASDAQ: EQIX).

He wants to buy the September 400/450 call spread in the name for $15.50. The trade breaks even at $415.50 or 5.41 percent above the current market price. It can maximally make a profit of $34.50. The payoff ratio is roughly 2.5 to 1, explained Kelly. He sees this as a derivative play on Microsoft Corporation's (NASDAQ: MSFT) cloud computing.

Posted-In: Bloomberg Markets Kevin KellyOptions Markets Media

 

Related Articles (EQIX + MSFT)

View Comments and Join the Discussion!

Jim Cramer Advises His Viewers On Prestige Brands, CVS Health And More

Jim Cramer Shares His Thoughts On Twitter, Square And Forescout Technologies