Market Overview

Kevin Kelly's GDS Holdings Trade

Share:
Related
76 Biggest Movers From Yesterday
58 Stocks Moving In Wednesday's Mid-Day Session

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

 

Related Articles (GDS)

View Comments and Join the Discussion!

Jim Cramer Advises His Viewers On Groupon, Adobe And More

Jon Najarian Sees Unusual Options Activity In Signet