Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a> is set to announce 2024 results after the close on 18 March. </li>
<li>Options markets imply a price movement in excess of historic averages, creating trading opportunities through calendar spreads and short straddles that capitalize on March's elevated implied volatility.</li>
<li>
<a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a> is a major constituent in key Hong Kong indices (<a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">HSI Index</a>, <a href="https://www.smartkarma.com/entities/hang-seng-china-enterprises-index" target="_blank" data-smartkarma-citation="entities:22900:1" rel="noopener">HSCEI Index</a>, and <a href="https://www.smartkarma.com/entities/hang-seng-tech-index" target="_blank" data-smartkarma-citation="entities:31367:1" rel="noopener">HSTECH Index</a>). Its post-results move will likely impact the broader market.</li>
</ul>



Xiaomi Corp (1810 HK) is set to announce 2024 results after the close on 18 March. 
Options markets imply a price movement in excess of historic averages, creating trading opportunities through calendar spreads and short straddles that capitalize on March's elevated implied volatility.

Xiaomi Corp (1810 HK) is a major constituent in key Hong Kong indices (HSI Index, HSCEI Index, and HSTECH Index). Its post-results move will likely impact the broader market.


Xiaomi (1810 HK): Overpriced Volatility Ahead of 2024 Results

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.

Hang Seng China Enterprises Index / Equity Derivatives

<ul>
<li>We highlight HSCEI’s outperformance vs. SPX across both long- and short-term price histories.</li>
<li>Mixed performance this week, with stimulus enthusiasm on Friday helping the market recover to a flat finish.</li>
<li>Given recent outperformance, we outline a tactical hedge to manage risk.</li>
</ul>


We highlight HSCEI’s outperformance vs. SPX across both long- and short-term price histories.
Mixed performance this week, with stimulus enthusiasm on Friday helping the market recover to a flat finish.
Given recent outperformance, we outline a tactical hedge to manage risk.


HSCEI Index Options Weekly (March 10-14): A Tactical Hedge as Relative Outperformance Continues

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A review of recent events/data impacting our investment themes or outlook</li>
<li>More evidence emerging of a regime change in global markets</li>
<li>What is different this time around from previous bear markets</li>
</ul>


A review of recent events/data impacting our investment themes or outlook
More evidence emerging of a regime change in global markets
What is different this time around from previous bear markets


Overview #19 – Don’t Buy the D@nm Dip!

Taiwan Stock Exchange Weighted Index / Equity Derivatives

<ul>
<li>Central Bank Focus: Nine Central banks decide on monetary policy next week. Among them the BoJ, the BoE, the SNB, and the Fed.</li>
<li>Earnings Wave: major Hong Kong stocks reporting, including Tencent, Xiaomi, China Mobile, and Meituan.</li>
<li>Triple Witching: Quarterly derivatives expiration hits multiple markets - Australia, Taiwan , and the US - alongside index rebalancing in both Australia and the US.</li>
</ul>


Central Bank Focus: Nine Central banks decide on monetary policy next week. Among them the BoJ, the BoE, the SNB, and the Fed.
Earnings Wave: major Hong Kong stocks reporting, including Tencent, Xiaomi, China Mobile, and Meituan.
Triple Witching: Quarterly derivatives expiration hits multiple markets - Australia, Taiwan , and the US - alongside index rebalancing in both Australia and the US.


Market Movers: Key Dates at a Glance (March 17-21)

<ul>
<li>Over a dozen <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> companies (31% of index weight) report next week, along with significant portions of <a href="https://www.smartkarma.com/entities/hang-seng-china-enterprises-index" target="_blank" data-smartkarma-citation="entities:22900:1" rel="noopener">HSCEI</a> (38%) and <a href="https://www.smartkarma.com/entities/hang-seng-tech-index" target="_blank" data-smartkarma-citation="entities:31367:1" rel="noopener">Hang Seng TECH Index</a> (32%) components.</li>
<li>The four index heavy-weights <a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp</a>, <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent</a>, <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile</a>, and <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan</a> all report next week.</li>
<li>Weekly options expiring March 21 provide targeted instruments for traders looking to capitalize on earnings-related price movements.</li>
</ul>


Over a dozen Hang Seng Index companies (31% of index weight) report next week, along with significant portions of HSCEI (38%) and Hang Seng TECH Index (32%) components.
The four index heavy-weights Xiaomi Corp, Tencent, China Mobile, and Meituan all report next week.
Weekly options expiring March 21 provide targeted instruments for traders looking to capitalize on earnings-related price movements.


Dividends, Volatility, and Profits: HSI and HSCEI Heavyweights Reveal Results, 17 - 21 March

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)

Xiaomi (1810 HK): Overpriced Volatility Ahead of 2024 Results

Xiaomi Corp (1810 HK) to announce 2024 results with options markets indicating potential trading opportunities. Potential impact on key Hong Kong...

Gaudenz Schneider

HSCEI Index Options Weekly (March 10-14): A Tactical Hedge as Relative Outperformance Continues

HSCEI outperforms SPX in both long- and short-term, with mixed performance this week and a tactical hedge recommended to manage risk.

John Ley

Overview #19 – Don’t Buy the D@nm Dip!

A review of recent events/data impacting our investment themes and outlook. How will the incoming bear market in the US impact Asia

Rikki Malik

Market Movers: Key Dates at a Glance (March 17-21)

Central banks to decide on monetary policy, Hong Kong stocks results, and quarterly derivatives expiration hitting multiple markets.

Gaudenz Schneider

Dividends, Volatility, and Profits: HSI and HSCEI Heavyweights Reveal Results, 17 - 21 March

Key Hang Seng Index companies reporting next week, including heavyweights Xiaomi, Tencent, China Mobile, and Meituan, offer trading opportunities.

Gaudenz Schneider

Xiaomi (1810 HK): Overpriced Volatility Ahead of 2024 Results

​Xiaomi Corp (1810 HK) to announce 2024 results with options markets indicating potential trading opportunities. Potential impact on key Hong Kong...

Gaudenz Schneider

HSCEI Index Options Weekly (March 10-14): A Tactical Hedge as Relative Outperformance Continues

​HSCEI outperforms SPX in both long- and short-term, with mixed performance this week and a tactical hedge recommended to manage risk.

John Ley

Overview #19 – Don’t Buy the D@nm Dip!

A review of recent events/data impacting our investment themes and outlook. How will the incoming bear market in the US impact Asia

Rikki Malik

Market Movers: Key Dates at a Glance (March 17-21)

​Central banks to decide on monetary policy, Hong Kong stocks results, and quarterly derivatives expiration hitting multiple markets.

Gaudenz Schneider

Dividends, Volatility, and Profits: HSI and HSCEI Heavyweights Reveal Results, 17 - 21 March

​Key Hang Seng Index companies reporting next week, including heavyweights Xiaomi, Tencent, China Mobile, and Meituan, offer trading opportunities.

Gaudenz Schneider

Xiaomi Corp (1810 HK) to announce 2024 results with options markets indicating potential trading opportunities. Potential impact on key Hong Kong...

HSCEI outperforms SPX in both long- and short-term, with mixed performance this week and a tactical hedge recommended to manage risk.

Central banks to decide on monetary policy, Hong Kong stocks results, and quarterly derivatives expiration hitting multiple markets.

Key Hang Seng Index companies reporting next week, including heavyweights Xiaomi, Tencent, China Mobile, and Meituan, offer trading opportunities.