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Kevin Kelly's Equinix Options Trade

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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


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