- Buy Equinix stock at $512
- Sell Dec. $570 call against stock for $12
- Covered call strategy
- Options yield of 2.34%
- Upside potential on stock of 11.2%
On this edition of “Options Insight,” Benchmark Investments’ Kevin Kelly discusses the recent volatility in markets and his strategy for Equinix Inc. He speaks with Bloomberg’s Abigail Doolittle on “Bloomberg Markets: The Close.” (Source: Bloomberg)
Equinix, Inc. (EQIX) is an American multinational company headquartered in Redwood City, California, that specializes in internet connection and data centers. The company leads in global colocation data center market share, with 200 data centers in 24 countries on five continents.
Kevin Kelly watches technology real estate as he serves as the Index Portfolio Manager for SRVR – The Benchmark Data & Infrastructure Real Estate SCTR℠ Index