Speaking on Bloomberg
Markets, Kevin Kelly, the managing partner at Benchmark, suggested a long position in Simon Property Group Inc
(NYSE: SPG).
He said the real estate company could have some occupancy issues in the short term, but the management announced they're going
to focus on revitalizing and redeveloping their properties. They expect to increase their funds from operation 6 to 8 percent this
year.
Kelly wants to buy the stock at its current price and sell the June 160 call. When he suggested the trade, it was possible to
get $5 for the June 160 call.
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