YY Inc (ADR) Can’t Burn Your Long Portfolio. Option Traders are Bullish

 YY Inc (ADR) Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session YY Inc (ADR) (YY) registered an unusually high (424) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious YY increase. With 424 contracts traded and 8914 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: YY161216C00060000 closed last at: $2.8 or 16.7% up. The stock increased 4.89% or $2.62 during the last trading session, hitting $56.23. About 2.00 million shares traded hands or 5.26% up from the average. YY Inc (ADR) (NASDAQ:YY) has risen 7.68% since March 2, 2016 and is uptrending. It has underperformed by 1.56% the S&P500.

YY Inc (ADR) (NASDAQ:YY) Ratings Coverage

Out of 2 analysts covering YY Inc (NASDAQ:YY), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. YY Inc has been the topic of 4 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained the stock with “Overweight” rating in Friday, August 14 report. Pacific Crest downgraded the shares of YY in a report on Monday, August 17 to “Sector Weight” rating. The company was initiated on Wednesday, August 31 by JP Morgan. Zacks downgraded YY Inc (ADR) (NASDAQ:YY) on Thursday, August 20 to “Hold” rating.

YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has a market cap of $3.11 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 20.44 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

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