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>Hong Kong single stocks traded lower in a holiday-shortened week.</li>
<li>Breadth pulled back sharply from the previous week’s extremes and Put activity picked up noticeably across single stock options.</li>
<li>Intervention in HKD continues to ramp steadily higher with HKD bumping along top of the range. </li>
</ul>


Hong Kong single stocks traded lower in a holiday-shortened week.
Breadth pulled back sharply from the previous week’s extremes and Put activity picked up noticeably across single stock options.
Intervention in HKD continues to ramp steadily higher with HKD bumping along top of the range. 


Hong Kong Single Stock Options Weekly (June 30 – July 04): Narrowing Breadth and Rising Put Activity

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

<ul>
<li>The <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index</a> has been rallying since <a href="https://www.smartkarma.com/insights/hsi-tactical-outlook-buy-this-dip" target="_blank" rel="noopener">our last BUY recommendation</a>. However the rally may be temporarily stalling.</li>
<li>The index is not overbought according to our model, around 50% probability of WEEKLY reversal - it could go higher.</li>
<li>If the index closes this week down, it could be a buy opportunity, depending on the price reached (if the pullback is mild is probably better to hold/wait).</li>
</ul>


The Hang Seng Index has been rallying since our last BUY recommendation. However the rally may be temporarily stalling.
The index is not overbought according to our model, around 50% probability of WEEKLY reversal - it could go higher.
If the index closes this week down, it could be a buy opportunity, depending on the price reached (if the pullback is mild is probably better to hold/wait).


<ul>
<li>A quick synoptic look at the tactical models for some key indices, stocks, commodities and bonds we cover, for the week June 30 - July 4.</li>
<li>US Markets will be closed for Independence Day celebrations on July 4th.</li>
<li>Most stocks and global indices appear to be overbought or nearly overbought. 10-year US Treasuries Futures are also overbought. Commodities like Gold and Crude Oil are down. </li>
</ul>


A quick synoptic look at the tactical models for some key indices, stocks, commodities and bonds we cover, for the week June 30 - July 4.
US Markets will be closed for Independence Day celebrations on July 4th.
Most stocks and global indices appear to be overbought or nearly overbought. 10-year US Treasuries Futures are also overbought. Commodities like Gold and Crude Oil are down. 


Global Markets Tactical Outlook: Week of June 30 – July 4

Derivatives and Quantitative Strategist

Gaudenz Schneider

<ul>
<li>
Context: Over the past five trading days, <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index (HSI INDEX)</a> multi-leg option strategies showcased a variety of approaches. Strategy highlights are provided.</li>
<li>
Highlights: Yield-extracting strategies prove more popular in the index than in single stocks. Two such examples, a Ratio Put Spread and an Iron Condor, are presented.</li>
<li>
Why read: This breakdown of complex option strategies sheds light on market sentiment and positioning. Detailed examples provide actionable insights that could inspire similar strategies,</li>
</ul>



Context: Over the past five trading days, Hang Seng Index (HSI INDEX) multi-leg option strategies showcased a variety of approaches. Strategy highlights are provided.

Highlights: Yield-extracting strategies prove more popular in the index than in single stocks. Two such examples, a Ratio Put Spread and an Iron Condor, are presented.

Why read: This breakdown of complex option strategies sheds light on market sentiment and positioning. Detailed examples provide actionable insights that could inspire similar strategies,


Hang Seng Index (HSI INDEX) Top Trades: Recent Option Flow Reveals Strategic Positioning

<ul>
<li>Breadth rebounded sharply after last week’s weakness, with most single stocks posting gains.</li>
<li>Single stock option volumes surged, reaching the highest levels seen since early April.</li>
<li>Xiaomi stood out this week across multiple contract and volume statistics.</li>
</ul>


Breadth rebounded sharply after last week’s weakness, with most single stocks posting gains.
Single stock option volumes surged, reaching the highest levels seen since early April.
Xiaomi stood out this week across multiple contract and volume statistics.


Hong Kong Single Stock Options Weekly (June 23 – 27): Breadth Snaps Back and Option Volumes Surge

Hong Kong

The Hang Seng Index is a free-float capitalization-weighted index of a selection of companies from the Stock Exchange of Hong Kong. The components of the index are divided into four subindices: Commerce and Industry, Finance, Utilities, and Properties. The index was developed with a base level of 100 as of July 31, 1964.

Hang Seng Index (HSI INDEX)

Hong Kong Single Stock Options Weekly (June 30 – July 04): Narrowing Breadth and Rising Put Activity

Hong Kong single stocks fell, breadth decreased, and Put activity increased in a holiday-shortened week. HKD intervention is rising steadily.

John Ley

HSI INDEX Tactical Outlook

The Hang Seng Index has been rallying post our last BUY recommendation, our target is 25101 but this week the index is pulling back/stalling. This...

Nico Rosti

Global Markets Tactical Outlook: Week of June 30 – July 4

Many Asian/Pacific indices and stocks are overbought, US stocks are not yet overbought (apart from NVDA), Gold and Crude oil are down, 10-Year US...

Nico Rosti