Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

BlackBerry Ltd (BBRY) Presents a $360 Profit Opportunity On a $100 Investment: Kevin Kelly

Word on the Street says that BlackBerry Ltd (NASDAQ:BBRY)‘s investors are in for a surprise by the Chinese manufacturer of computer technology, Lenovo, who is said to pursue an acquisition. This presents as a great opportunity to benefit from, and Recon Capital Partners Strategist, Kevin Kelly, revealed on Bloomberg his option play in this regard.

Research in Motion Ltd. (BBRY)

“[…] So BlackBerry Ltd (NASDAQ:BBRY) is actually in play right now by Lenovo so you can buy the call, the $12 call for about 50 cents and the deal is supposed to be priced out between $15 to $18, so at least it is great risk reward,” explained Kelly.

Bloomberg showed that this trade on BlackBerry Ltd (NASDAQ:BBRY) has a payoff ratio of 3.6 to 1. While the stock was down 1.46% and was trading at $10.15 at the closing bell, the afterhours trading saw it rise slightly by 0.3%.

With a current market cap of $5.44 billion, BlackBerry Ltd (NASDAQ:BBRY) has seen much better days when it wasn’t such a small market concern in the tech sector. The stock was even hovering around $200 during July 2007. However, those days seem a distant memory now, as Blackberry’s phones slowly but surely lost market share to Apple and Google’s Android based smart phones.

BlackBerry Ltd (NASDAQ:BBRY)’s current CEO, John Chen, has done a great job with whatever was left of the company for him. He cut costs and breathed some life into the company to even release a new smart phone, Passport. The sales have not been so strong, but the company hopes to make some profit from it going into the future. Moreover, Chen intelligently shifted his target customers for the new device as well. Instead of general users of smart phones, BlackBerry Ltd (NASDAQ:BBRY) focused on enterprise customers, selling the security feature of its device to them.

The deal with Lenovo might just be the ideal thing that could happen to Blackberry, considering the circumstances that it is in now. A call options play in this regard for less risk and an unlimited upside is certainly the way to go.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!