Kevin Kelly's IBM Options Trade

Kevin Kelly, Benchmark managing partner, suggested on Bloomberg Markets a bullish options trade in International Business Machines Corp. (NYSE: IBM).

He wants to buy the January 2020, $150 strike call for $18. The trade breaks even at $168 at the January 2020 expiration. Kelly believes that IBM could benefit from blockchain technology and he wants to set up a long-term trade for the story to play out.