Call Spread on YY on 11/27/2013

YY Inc. (YY) operates an online social platform in the People’s Republic of China. It is the facebook of China!

It provides YY Client, a personal computer based user software that offers real-time access to user-created online social activities groups.

The company also offers Web-based YY that enables users to conduct real-time interactions on the Web without any downloads or installations; and Mobile YY, a smartphone application.

In addition, it operates Duowan.com, a game media Website that provides information on online games and other resources for users and online game players.

Shares are heading higher in an upward trading channel. Higher share prices are expected for this stock. The company reports quarterly results on November 6.

52-Week Trading Range: $12.00 - 56.75

Last Trade:  $50.01

Trade Buy 1 December $50.00 Call at $2.75 Sell 1 December $55.00 Call at $1.00 For a net debit of $1.75 Profit/Loss Analysis Breakeven at $51.75 Maximum profit is $325.00 at strike of $55.00 Maximum loss is ($175.00) at strike of $50.00 Closing Summary Sold 1 December $50.00 Call at $0.00 Bought 1 December $55.00 Call at $0.00

Position closed on 12/20/2013 at price of $0.00 with a -100.00% loss in 23 days.

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