Subject: Is YY Inc (YY) A Bargain Above $70?

 

Terrys Tips newsletter
     

Dear Friend,

This week we are featuring a company that was recently added to the Investor’s Business Daily (IBD) Top 50 List.  The stock has displayed strong upwards momentum and we look to place spreads that take advantage of this underlying strength.

Terry 

 
Option Tip of the Week

Is YY Inc (YY) A Bargain Above $70?

Several analysts have recently upgraded their outlook on YY stock.  These two banks have raised their price target to $100, suggesting a potential upside of 35%.  YY's Buy Rating Reaffirmed at Deutsche bank AG and YY Inc. (YY) PT Raised to $100.00

____________ advertisment ______________

Breaking: 4 Stocks to Double in 2017

4 stocks that have the potential to double in 2017, creating some of the biggest profit opportunities over the next several months. Profits of +100% or more.

Click Here to Get the Tickers Now.

______________________________________

Technicals

YY stock recently corrected lower and horizontal support at $72.50 has held it higher on a weekly basis.  The level originates from a weekly chart and had held the stock lower on an attempt in 2015 and 2016.  A secondary level at $70.69 had acted as both support and resistance in late July.  It came into play last week to hold the stock higher on several attempts in the second half of the week.

 YY Graph August 2017

*source Tradingview.com

If you agree there's further upside ahead for YY Inc., consider this trade which is a bet that the stock will continue to advance, at least a little, over the next four weeks.

Buy To Open YY 15Sep17 70 Puts (YY170815P70)

Sell To Open YY 15Sep17 75 Puts (YY170815P75) for a credit of $2.18 (selling a vertical)

This price was $0.02 less than the mid-point of the option spread when YY was trading near $74.  Unless the stock rallies quickly from here, you should be able to get close to this amount.

If you use our favorite broker for this trade, tastyworks, your commission on this trade will only be $1 per opening contract ($2 per spread) (and there is no commission on closing trades, only the $.10 clearing fee).  Each contract would then yield $216 and your broker would charge a $500 maintenance fee, making your investment $284 ($500 – $216).  If YY closes at any price above $75 on August 15, 2017, both options would expire worthless, and your return on the spread would be 76% (989% annualized).

____________ advertisment ______________

Step 1: Buy these 5 ETFs Now...

TQQQ. FAS. UPRO, plus two additional ETFs revealed in this FREE REPORT. 

Step 2: Follow the simple strategy inside this free trading guide and Step 3: Collect as much as $16,978.31 in a week. Full list of ETF's and strategy that has generated over $9.9 Million in cash payouts steadily now for 10 years. Revealed Here...

______________________________________ 

Changes to Investor’s Business Daily (IBD) Top 50 This Week:

IBD Underlying Updates August 18, 2017
IBD Underlying Updates August 18, 2017

We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run.  The Terry’s Tips portfolio which places spreads like the above one has gained 114.7% so far in 2017 in spite of incurring some losses on some of the spreads placed.  Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.

As with all investments, you should only make option trades with money that you can truly afford to lose.

Happy trading,

Terry

____________ advertisment ______________

This Stock Is Being Called The "Priceline of Pot"

Called a "game changer" for the Marijuana industry, this stock is growing rapidly to dominate one of the largest potential markets in the legal cannabis space. During the California gold rush the largest riches were had by the men selling the shovels. Read this special report to find out how investors can reap the largest profits from legal weed.

______________________________________ 

 
Any questions?   I would love to hear from you by email (terry@terrystips.com), or if you would like to talk to our guy Seth, give him a jingle at 800-803-4595 and either ask him your question(s) or give him your thoughts. seth@terrystips.com

You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here.   Why wait any longer to make this important investment in yourself?

I look forward to having you on board, and to prospering with you.

Terry
 

 


tastyworks    

 Open tastyworks account

 tastyworks, Inc. (“tastyworks”) has entered into a Market Agreement with Terry’s Tips (“Marketing Agent”) whereby tastyworks pays compensation to Marketing Agent to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastyworks and/or any of its affiliated companies. Neither tastyworks nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastyworks does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website.tastyworks and Terry’s Tips are separate, unaffiliated companies and are not responsible for each other’s services and products.
 
Advertisement

"Bitcoin Nerds" Hate This...

Bitcoin recently hit record highs... and now there's a new "caveman simple" way of making money from the Bitcoin explosion...

You do NOT need to know anything about Bitcoin or any other cryptocurrencies to make this work. You do NOT need any computer skills. (If you can open your email, you make this work...)

But you DO need to the desire to get rich... trying out something brand new...

Go HERE to Get Your "Secret Bitcoin Blueprint"

 
Testimonial of the Week

"I have learned more than I ever expected from your tips and want to thank you for starting an educational journey I value more than my MBA."   ~ Mark

     

Thank you again for being a part of the Terry's Tips newsletter. If you are interested in signing up as an Insider, visit Terry's Tips today for details.

Sincerely,
Dr. Terry Allen
Terry's Tips

 
 
Week 448
August 21, 2017
 
tastyworks
tastyworks banner image
tastyworks is a new brokerage firm from the brains behind tastytrade and it is our top choice of options-friendly brokers. Their commission rates are extremely competitive - options trades are only $1 per contract to open and $0 commission to close (all options trades incur a clearing fee of $0.10 per contract). The tastyworks trading platform quickly became our favorite platform for options trading and it seems to be getting better every time we check on it. Terry uses tastyworks and loves everything about them!
Terry's Book

Hot off the press! Could be the best book on options you will ever read.

Order Dr. Allen's book "Making 36% - A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad" at the discounted price of $12.94 using the discount code TEE when ordering!

Think or Swim

This Chicago brokerage firm with the unlikely name thinkorswim, Inc. by TD Ameritrade is considered by many to be the best option-friendly broker. For openers, they have extremely good analytic software and their option trading platform is exceptional.  Thinkorswim Mobile has been called the best mobile app in the industry. In 2017, TD Ameritrade received 4 stars out of 5 in the annual Barron's* Best Online Brokers Survey. TD Ameritrade was tops as an online broker for long-term investors and for novices. The company is the only broker that receives the highest 5.0 score for research amenities among all firms participated in the ranking last year.

Visit thinkorswim

thinkorswim, Division of TD AMERITRADE, Inc. and Terry's Tips are separate, unaffiliated companies and are not responsible for each other's services and products.

©Copyright 2001-2017 Terry's Tips, Inc. dba Terry's Tips