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Kevin Kelly's GDS Holdings Trade

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Kevin Kelly of Benchmark spoke on Bloomberg Markets about a bullish options trade in GDS Holdings Ltd - ADR (NASDAQ: GDS).

He noticed the stock because it moved more than 40 percent higher in the last month. Kelly wants to make a bullish bet by using a risk reversal strategy in the name. He wants to sell the September 30 put for 70 cents and buy the September 45 call for $3.60. The total cost of the trade would be $2.90 and he's going to make money if the stock trades above $47.90 at the September expiration.

Posted-In: Bloomberg Kevin KellyOptions Markets Media

 

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