Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>This Insight analyses <a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a> tailor-made option strategies traded over the last five trading days on the Hong Kong Exchange. Strategy highlights and volatility context are provided.</li>
<li>These traders tailor structures to risk budgets and take calculated bets. Strategies are mostly bullish, and exclusively long volatility despite implied volatility in its 98th percentile.</li>
<li>Call spreads can indicate where bullish traders expect the rally, driven by its own momentum, to peak. One trade suggests a ceiling of 70 by mid-year. </li>
</ul>


This Insight analyses Xiaomi Corp (1810 HK) tailor-made option strategies traded over the last five trading days on the Hong Kong Exchange. Strategy highlights and volatility context are provided.
These traders tailor structures to risk budgets and take calculated bets. Strategies are mostly bullish, and exclusively long volatility despite implied volatility in its 98th percentile.
Call spreads can indicate where bullish traders expect the rally, driven by its own momentum, to peak. One trade suggests a ceiling of 70 by mid-year. 


Xiaomi (1810 HK) - Riding the Wave. How Option Traders Navigate. Top Trades Analyzed.

<ul>
<li>This Insight analyses <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group Holding (9988 HK)</a> tailor-made option strategies traded over the last five trading days on the Hong Kong Exchange. Strategy highlights and volatility context are provided.</li>
<li>These traders tailor structures to risk budgets and take calculated bets. Several large box trades appeared on the ticker.</li>
<li>Expect more movement on <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group Holding (9988 HK)</a>'s <strong>Q3 earnings announcement tomorrow, </strong>20 February 2025. Option-implied move at the end of this Insight.</li>
</ul>


This Insight analyses Alibaba Group Holding (9988 HK) tailor-made option strategies traded over the last five trading days on the Hong Kong Exchange. Strategy highlights and volatility context are provided.
These traders tailor structures to risk budgets and take calculated bets. Several large box trades appeared on the ticker.
Expect more movement on Alibaba Group Holding (9988 HK)'s Q3 earnings announcement tomorrow, 20 February 2025. Option-implied move at the end of this Insight.


Alibaba (9988 HK): How Options Traders Are Navigating the Rally and Volatility. Top Trades.

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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.

Event-Driven

<ul>
<li>On 16th Nov 22, post-market close, along with its 3Q22 results Tencent declared an interim dividend by way of distribution in specie of Class B Ordinary shares of Meituan.</li>
<li>At the time of declaration, the dividend amounted to US$20bn or 15.5% of Meituan’s outstanding shares. Its value has since declined to US$17bn</li>
<li>We have covered the background of the event in our previous notes. In this note, we talk about the recent updates.</li>
</ul>


On 16th Nov 22, post-market close, along with its 3Q22 results Tencent declared an interim dividend by way of distribution in specie of Class B Ordinary shares of Meituan.
At the time of declaration, the dividend amounted to US$20bn or 15.5% of Meituan’s outstanding shares. Its value has since declined to US$17bn
We have covered the background of the event in our previous notes. In this note, we talk about the recent updates.


Tencent Meituan Dividend - The US$17bn Overhang Is Here - Not All Shares in CCASS, Here We Go Again!

Independent, global risk consultancy, Control Risks

Aparajita Verma

Independent, global risk consultancy

Control Risks

Control Risks is an independent, global risk consultancy specialising in helping organisations manage political, integrity and security risks in complex and hostile environments. We support clients by providing strategic consultancy, expert analysis and in-depth investigations, handling sensitive political issues and providing practical on-the-ground protection and support.

Our unique combination of services, geographical reach and the trust our clients place in us ensure we can help them to effectively solve their problems and realise new opportunities across the world.

<h2><strong>The standard approach to due diligence</strong></h2><p>Due diligence tries to understand the background of a company or individual before entering a formal business relationship. This traditionally focuses on financial, legal and reputational aspects of the subject company and its principals. Reputational (or integrity) due diligence usually addresses questions about key areas such as the subject’s background and business track record, where real control and decision-making lie, and how the company wins…</p>

The standard approach to due diligenceDue diligence tries to understand the background of a company or individual before entering a formal business relationship. This traditionally focuses on financial, legal and reputational aspects of the subject company and its principals. Reputational (or integrity) due diligence usually addresses questions about key areas such as the subject’s background and business track record, where real control and decision-making lie, and how the company wins…

Broader Due Diligence for a More Complex China Market

China

The MSCI China Index is a free-float weighted equity index. It was developed with a base value of 100 as of December 31, 1992.

MSCI China Index (MXCN INDEX)

Xiaomi (1810 HK) - Riding the Wave. How Option Traders Navigate. Top Trades Analyzed.

Analysis of Xiaomi Corp's option strategies on HK Exchange shows bullish traders taking calculated bets despite high volatility, with call spreads...

Gaudenz Schneider

Alibaba (9988 HK): How Options Traders Are Navigating the Rally and Volatility. Top Trades.

Analysis of tailor-made option strategies on Alibaba Group Holding with focus on risk profile and yield. Q3 earnings announcement tomorrow, option...

Gaudenz Schneider

Tencent Meituan Dividend - The US$17bn Overhang Is Here - Not All Shares in CCASS, Here We Go Again!

On 16th Nov 22, Tencent declared an interim dividend by way of distribution in specie of Class B Ordinary shares of Meituan. The settlement was...

Sumeet Singh

Broader Due Diligence for a More Complex China Market

The standard approach to due diligenceDue diligence tries to understand the background of a company or individual before entering a formal business...

Control Risks

Xiaomi (1810 HK) - Riding the Wave. How Option Traders Navigate. Top Trades Analyzed.

​Analysis of Xiaomi Corp's option strategies on HK Exchange shows bullish traders taking calculated bets despite high volatility, with call spreads...

Gaudenz Schneider

Alibaba (9988 HK): How Options Traders Are Navigating the Rally and Volatility. Top Trades.

​Analysis of tailor-made option strategies on Alibaba Group Holding with focus on risk profile and yield. Q3 earnings announcement tomorrow, option...

Gaudenz Schneider

Tencent Meituan Dividend - The US$17bn Overhang Is Here - Not All Shares in CCASS, Here We Go Again!

On 16th Nov 22, Tencent declared an interim dividend by way of distribution in specie of Class B Ordinary shares of Meituan. The settlement was...

Sumeet Singh

Broader Due Diligence for a More Complex China Market

The standard approach to due diligenceDue diligence tries to understand the background of a company or individual before entering a formal business...

Control Risks

Analysis of Xiaomi Corp's option strategies on HK Exchange shows bullish traders taking calculated bets despite high volatility, with call spreads...

Analysis of tailor-made option strategies on Alibaba Group Holding with focus on risk profile and yield. Q3 earnings announcement tomorrow, option...