Market Overview

Kevin Kelly's Equinix Options Trade


Kevin Kelly of Benchmark Investments suggested on Bloomberg Markets that traders should consider a bullish options trade in Equinix Inc (NASDAQ: EQIX). He sees it as a defensive play because companies have to build out their data center exposure if they want to do well in the future.

Kelly wants to buy the stock and sell the September 500 call for $14. With the sale of the call option, he limits his selling price at $514, but in case of a decline, he has approximately a 3 percent downside protection.

Posted-In: Bloomberg Markets Kevin KellyOptions Markets Media


Related Articles (EQIX)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Mike Khouw Sees Unusual Options Activity In XLF

This Day In Market History: The First Coca-Cola Is Sold