Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/anz-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:40898:1" rel="noopener">ANZ Group Holdings (ANZ AU)</a> is set to announce its First Quarter APS 330 Release on Thursday 20 February 2025.</li>
<li>Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.</li>
<li>Historically, ANZ has experienced an average price move of 1.9% following profit announcements. Option markets anticipate a similar move this time.</li>
</ul>



ANZ Group Holdings (ANZ AU) is set to announce its First Quarter APS 330 Release on Thursday 20 February 2025.
Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.
Historically, ANZ has experienced an average price move of 1.9% following profit announcements. Option markets anticipate a similar move this time.


EQD | ANZ Group Holdings (ANZ AU): Anticipated Price Swings on Q1 Announcement on 20 Feb 2025

Equity Derivatives

National Australia Bank / Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/national-australia-bank-ltd" target="_blank" data-smartkarma-citation="entities:15:1" rel="noopener">National Australia Bank (NAB AU)</a> is set to announce its First Quarter Trading Update on Wednesday 19 February 2025.</li>
<li>Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.</li>
<li>Historically, NAB has experienced an average price move of 2.2% following profit announcements. Option markets anticipate a slightly larger move.</li>
</ul>



National Australia Bank (NAB AU) is set to announce its First Quarter Trading Update on Wednesday 19 February 2025.
Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.
Historically, NAB has experienced an average price move of 2.2% following profit announcements. Option markets anticipate a slightly larger move.


EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025

<ul>
<li>
<a href="https://www.smartkarma.com/entities/westpac-banking-corp" target="_blank" data-smartkarma-citation="entities:444:1" rel="noopener">Westpac Banking (WBC AU)</a> is set to announce its 2025 First Quarter Trading Update on 17 February. </li>
<li>Options expiring 20 February can provide an indication of the size of the move expected on the day, as well as directional bias.</li>
<li>The options market expects a 2.1% to 2.6% move in either direction until 20 February, in-line with historic moves. Peers have so far performed positively on reporting days this month.</li>
</ul>



Westpac Banking (WBC AU) is set to announce its 2025 First Quarter Trading Update on 17 February. 
Options expiring 20 February can provide an indication of the size of the move expected on the day, as well as directional bias.
The options market expects a 2.1% to 2.6% move in either direction until 20 February, in-line with historic moves. Peers have so far performed positively on reporting days this month.


EQD | Westpac Banking (WBC AU) - Expected Move on Profit Announcement and Option Insights

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>With 4 days left to review cutoff, there is 1 close add and 3 potential deletions for the MV Australia Equal Weight Index at the December rebalance.</li>
<li>Even if there are no constituent changes, capping changes will lead to one-way turnover of 4.6% and a round-trip trade of A$243m.</li>
<li>The final list of inclusions/exclusions will depend on price movements till Friday and whether the index provider makes any significant changes to the free float of stocks in the universe.</li>
</ul>


With 4 days left to review cutoff, there is 1 close add and 3 potential deletions for the MV Australia Equal Weight Index at the December rebalance.
Even if there are no constituent changes, capping changes will lead to one-way turnover of 4.6% and a round-trip trade of A$243m.
The final list of inclusions/exclusions will depend on price movements till Friday and whether the index provider makes any significant changes to the free float of stocks in the universe.


MV Australia Equal Weight Index Rebalance Preview: 1 Close Add & 3 Deletions

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 18th (reported today) which has an aggregated short interest worth USD26.3bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Fortescue, Australia And New Zealand Banking, Evolution Mining, BHP, Webjet.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 18th (reported today) which has an aggregated short interest worth USD26.3bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Fortescue, Australia And New Zealand Banking, Evolution Mining, BHP, Webjet.


ASX Short Interest Weekly (Oct 18th): Fortescue, Australia And New Zealand Banking, Evolution Mining

Australia

Bank of Queensland Limited is a full service financial institution. The Bank operates retail branches, business banking centers, and equipment finance centers throughout Australia and New Zealand.  Bank of Queensland also operates an automated teller machine (ATM) network throughout Australia.

Price Gauge
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Bank Of Queensland (BOQ AU)

EQD | ANZ Group Holdings (ANZ AU): Anticipated Price Swings on Q1 Announcement on 20 Feb 2025

ANZ Group Holdings to release First Quarter APS 330 on 20 Feb 2025. Traders can use listed options to discover option-implied price swings and...

Gaudenz Schneider

EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025

National Australia Bank (NAB AU) to release First Quarter Trading Update on 19 Feb 2025. Traders can use listed options to strategize for...

Gaudenz Schneider

EQD | Westpac Banking (WBC AU) - Expected Move on Profit Announcement and Option Insights

Westpac Banking (WBC AU) to announce 2025 Q1 Trading Update on 17 Feb. Peers have seen positive performance on reporting days this month. Options...

Gaudenz Schneider

MV Australia Equal Weight Index Rebalance Preview: 1 Close Add & 3 Deletions

There could be 1 add and 3 deletes in Dec. Even if there are no constituent changes, capping changes will lead to one-way turnover of 4.6% and a...

Brian Freitas

ASX Short Interest Weekly (Oct 18th): Fortescue, Australia And New Zealand Banking, Evolution Mining

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue, Australia And New Zealand Banking,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

EQD | ANZ Group Holdings (ANZ AU): Anticipated Price Swings on Q1 Announcement on 20 Feb 2025

​ANZ Group Holdings to release First Quarter APS 330 on 20 Feb 2025. Traders can use listed options to discover option-implied price swings and...

Gaudenz Schneider

EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025

​National Australia Bank (NAB AU) to release First Quarter Trading Update on 19 Feb 2025. Traders can use listed options to strategize for...

Gaudenz Schneider

EQD | Westpac Banking (WBC AU) - Expected Move on Profit Announcement and Option Insights

​Westpac Banking (WBC AU) to announce 2025 Q1 Trading Update on 17 Feb. Peers have seen positive performance on reporting days this month. Options...

Gaudenz Schneider

MV Australia Equal Weight Index Rebalance Preview: 1 Close Add & 3 Deletions

There could be 1 add and 3 deletes in Dec. Even if there are no constituent changes, capping changes will lead to one-way turnover of 4.6% and a...

Brian Freitas

ASX Short Interest Weekly (Oct 18th): Fortescue, Australia And New Zealand Banking, Evolution Mining

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue, Australia And New Zealand Banking,...

Ke Yan, CFA, FRM

ANZ Group Holdings to release First Quarter APS 330 on 20 Feb 2025. Traders can use listed options to discover option-implied price swings and...

National Australia Bank (NAB AU) to release First Quarter Trading Update on 19 Feb 2025. Traders can use listed options to strategize for...

Westpac Banking (WBC AU) to announce 2025 Q1 Trading Update on 17 Feb. Peers have seen positive performance on reporting days this month. Options...