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.
JPMorgan initiated coverage on YY Inc (ADR) (NASDAQ: YY) with Overweight rating and $62 price target. The analysts believe the key advantages of the company (established ecosystem, social orientation and content supply) should allow it to transition from PC broadcasting to mobile.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
They view YY as offering different value proposition to consumers, particularly from content perspective, despite the company's progress in mobile broadcasting seems to be slower than start-ups based on iOS app downloads and gross revenue rank.
According to the analysts, the share price collapse in May was likely attributable to the investment community hearing about the withdrawal of the going-private plan (officially announced in July). They believe the share movement of YY will return to being driven by financial performance.