Market Overview

Kevin Kelly's Zayo Group Options Trade

Share:

Kevin Kelly of Benchmark Investments spoke on Bloomberg Markets about a bullish options strategy in Zayo Group Holdings Inc (NYSE: ZAYO).

He said there are some rumors about a possible takeover in a range of $36.50 to $38.50 per share and he wants to use options to trade on these rumors. Kelly wants to buy the May 30/37.50 call spread for $3.15. The trade breaks even at $33.15 or 4.67 percent above the closing price on Monday. If the stock moves to $37.50 or higher at the may expiration, the trade is going to reach its maximal profit of $4.35.

Posted-In: Bloomberg Markets Kevin KellyOptions Markets Media

 

Related Articles (ZAYO)

View Comments and Join the Discussion!

Jim Cramer Weighs In On Oracle, Bluebird Bio And More

Dan Nathan Sees Unusual Options Activity In Starbucks