Kevin Kelly Suggests A Long Term Options Strategy For Alphabet Inc

Kevin Kelly spoke on Bloomberg Markets about a long term potential for Alphabet Inc GOOGL. He thinks that the stock could become bigger than Apple Inc. AAPL and he suggested that investors should consider a bullish options strategy in the name. Kelly wants to buy the January 2018, 800-strike call for $125 and sell the January 2018, 1,180-strike call against it for $25. The call spread would cost him $100 and his maximal gain is $280. He would rather use options instead of just buying the stock, because he wants to limit his potential loss in case of a bad earnings report or some problems that could occur in transition from Google to Alphabet.