UPDATE: Deutsche Bank Initiates YY at Hold on Balanced Risk/Reward - JOYY (NASDAQ:YY)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Deutsche Bank initiated coverage on YY (NASDAQ: YY) with a Hold rating and a $13.66 price target. Deutsche Bank commented, "Despite a sizable registered user base of 400m, we think YY is in the early stages of monetization. However, we take a relatively conservative stance on its valuation in view of risks that could significantly alter its growth trajectory. We view YY as a relatively high risk, high return name. The company's current share price reflects balanced risk and return, in our view."YY closed at $13.65 on Thursday.

27% profit every 20 days?

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