Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>Early weakness gave way to a late rebound, leaving HSI modestly lower on the week after a choppy but contained trading pattern.</li>
<li>Breadth continued to deteriorate, with fewer than one third of optionable names finishing higher for a second consecutive week. Option volumes continue lower trend.</li>
<li>Pop Mart stood out with a large increase in option volume after heavy selling to start the week.</li>
</ul>


Early weakness gave way to a late rebound, leaving HSI modestly lower on the week after a choppy but contained trading pattern.
Breadth continued to deteriorate, with fewer than one third of optionable names finishing higher for a second consecutive week. Option volumes continue lower trend.
Pop Mart stood out with a large increase in option volume after heavy selling to start the week.


Hong Kong Single Stock Options Weekly (Dec 08–12): Late Support Emerges as Breadth and Volumes Slide

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>SoundHound, a pioneer in the field of voice and conversational AI, presented its third-quarter results for 2025.</li><li>The company highlighted robust revenue growth, expanded technological reach, and strategic acquisitions, underscoring a period of precise execution amid booming enterprise AI adoption.</li><li>In terms of financial performance, SoundHound reported a sizable 68% increase in revenue year-over-year, reaching $42 million for the quarter.</li></ul>

SoundHound, a pioneer in the field of voice and conversational AI, presented its third-quarter results for 2025.The company highlighted robust revenue growth, expanded technological reach, and strategic acquisitions, underscoring a period of precise execution amid booming enterprise AI adoption.In terms of financial performance, SoundHound reported a sizable 68% increase in revenue year-over-year, reaching $42 million for the quarter.

SoundHound Inside: How Strategic Partnerships Are Powering Its Next Big AI Revenue Surge!

<ul><li>Amazon's bold move to expand same-day perishable grocery delivery to over 2,300 U.S. cities is now intersecting with an equally bold policy shift from the Federal Reserve.</li><li>With the central bank announcing a rate cut for the first time in two years, Amazon finds itself in a macro environment that could supercharge its delivery ambitions—or complicate them.</li><li>The Fed’s monetary easing lowers borrowing costs, boosts consumer liquidity, and alters capital allocation across sectors.</li></ul>

Amazon's bold move to expand same-day perishable grocery delivery to over 2,300 U.S. cities is now intersecting with an equally bold policy shift from the Federal Reserve.With the central bank announcing a rate cut for the first time in two years, Amazon finds itself in a macro environment that could supercharge its delivery ambitions—or complicate them.The Fed’s monetary easing lowers borrowing costs, boosts consumer liquidity, and alters capital allocation across sectors.

Amazon.com Inc - Amazon Just Made Groceries a 5-Hour Game—Here’s What’s Fueling the Shift!

<ul><li>In a season crowded with earnings calls, margin debates, and cautious optimism, one headline stood out: APi Group has signed an agreement to acquire CertaSite, a Midwest-based fire and life safety services provider.</li><li>The deal, expected to close in Q1 2026 pending regulatory approval, marks another strategic step in APi Group's larger playbook—its 10/16/60+ value creation framework.</li><li>With CertaSite projected to bring in $90 million in revenue for 2025 and described as "accretive," APi is making it clear this isn’t a one-off.</li></ul>

In a season crowded with earnings calls, margin debates, and cautious optimism, one headline stood out: APi Group has signed an agreement to acquire CertaSite, a Midwest-based fire and life safety services provider.The deal, expected to close in Q1 2026 pending regulatory approval, marks another strategic step in APi Group's larger playbook—its 10/16/60+ value creation framework.With CertaSite projected to bring in $90 million in revenue for 2025 and described as "accretive," APi is making it clear this isn’t a one-off.

APi Group Just Made a Bold Bet—The CertaSite Acquisition Explained!

<ul><li>AST SpaceMobile's third quarter of 2025 business update revealed significant progress across several operational and financial dimensions, indicating both growth potential and ongoing challenges.</li><li>The company is focused on building the first global cellular broadband network in space, directly connecting with unmodified mobile devices—a venture targeting an extensive market with over 6 billion mobile phones globally, but with existing coverage gaps.</li><li>The company reported approximately $14.7 million in revenue, a substantial increase from previous quarters, primarily due to gateway equipment sales and service milestones with U.S. government and commercial partners.</li></ul>

AST SpaceMobile's third quarter of 2025 business update revealed significant progress across several operational and financial dimensions, indicating both growth potential and ongoing challenges.The company is focused on building the first global cellular broadband network in space, directly connecting with unmodified mobile devices—a venture targeting an extensive market with over 6 billion mobile phones globally, but with existing coverage gaps.The company reported approximately $14.7 million in revenue, a substantial increase from previous quarters, primarily due to gateway equipment sales and service milestones with U.S. government and commercial partners.

AST SpaceMobile: Reddit's Favorite Meme Stock Is Accelerating Satellite Production — But Can It Deliver 40 Units by 2026 & Stay Ahead of Competitors?

Hong Kong Single Stock Options Weekly (Dec 08–12): Late Support Emerges as Breadth and Volumes Slide

A choppy week for Hong Kong single stocks saw early selling give way to a late rebound, though breadth weakened further and option volumes...

John Ley

SoundHound Inside: How Strategic Partnerships Are Powering Its Next Big AI Revenue Surge!

SoundHound, a pioneer in the field of voice and conversational AI, presented its third-quarter results for 2025. The company highlighted robust...

Baptista Research

Amazon.com Inc - Amazon Just Made Groceries a 5-Hour Game—Here’s What’s Fueling the Shift!

Amazon's bold move to expand same-day perishable grocery delivery to over 2,300 U.S. cities is now intersecting with an equally bold policy shift...

Baptista Research

APi Group Just Made a Bold Bet—The CertaSite Acquisition Explained!

In a season crowded with earnings calls, margin debates, and cautious optimism, one headline stood out: APi Group has signed an agreement to...

Baptista Research

AST SpaceMobile: Reddit's Favorite Meme Stock Is Accelerating Satellite Production — But Can It Deliver 40 Units by 2026 & Stay Ahead of Competitors?

AST SpaceMobile's third quarter of 2025 business update revealed significant progress across several operational and financial dimensions,...

Baptista Research