Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

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Context: The <a href="https://www.smartkarma.com/entities/bank-of-india" target="_blank" data-smartkarma-citation="entities:541:1" rel="noopener">Bank Of India (BOI IN)</a> vs. <a href="https://www.smartkarma.com/entities/union-bank-of-india" target="_blank" data-smartkarma-citation="entities:546:1" rel="noopener">Union Bank Of India (UNBK IN)</a> price-ratio has deviated more two standard deviations from its one-year average, signaling a potential pair trade.</li>
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Highlights: Going long Union Bank Of India and short Bank Of India targets a 5% return. Union Bank Of India is set to report on 30 October.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Bank Of India (BOI IN) vs. Union Bank Of India (UNBK IN) price-ratio has deviated more two standard deviations from its one-year average, signaling a potential pair trade.

Highlights: Going long Union Bank Of India and short Bank Of India targets a 5% return. Union Bank Of India is set to report on 30 October.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Bank Of India (BOI IN) Vs. Union Bank Of India (UNBK IN): Statistical Arbitrage Play Targeting 5%

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/hdfc-bank-ltd-4b6b7a92-9087-468d-9dbe-ab169e77f014" target="_blank" data-smartkarma-citation="entities:558:1" rel="noopener">HDFC Bank (HDFCB IN)</a> is scheduled to report its FY 2026 Q2 results on Saturday, 18 October 2025.
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Highlight: Consensus sees EPS near INR 11.3 and revenue around INR 437 Bn; options imply a ±2.3% move, above the historical ±1.7% average.</li>
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Portfolio Impact: As the largest constituent of the Nifty 50 and BSE Sensex, HDFC's earnings will be closely watched and could set the tone for the broader market.</li>
</ul>



HDFC Bank (HDFCB IN) is scheduled to report its FY 2026 Q2 results on Saturday, 18 October 2025.


Highlight: Consensus sees EPS near INR 11.3 and revenue around INR 437 Bn; options imply a ±2.3% move, above the historical ±1.7% average.

Portfolio Impact: As the largest constituent of the Nifty 50 and BSE Sensex, HDFC's earnings will be closely watched and could set the tone for the broader market.


HDFC Bank (HDFCB IN) Set to Report Q2 Results Ahead of Diwali Break

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<a href="https://www.smartkarma.com/entities/icici-bank-ltd" target="_blank" data-smartkarma-citation="entities:547:1" rel="noopener">ICICI Bank (ICICIBC IN</a> / <a href="https://www.smartkarma.com/entities/icici-bank-ltd-spon-adr" target="_blank" data-smartkarma-citation="entities:556:1" rel="noopener">IBN US)</a> is scheduled to report its Q2 results on Saturday, 18 October 2025.</li>
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Highlight: In recent years, the bank has consistently beat analysts' expectations and often posted a positive performance post-earnings.</li>
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Portfolio Impact: As a Nifty 50 and BSE Sensex heavyweight, earnings-day moves ripple across the benchmark, making results market-relevant beyond the single stock.</li>
</ul>



ICICI Bank (ICICIBC IN / IBN US) is scheduled to report its Q2 results on Saturday, 18 October 2025.

Highlight: In recent years, the bank has consistently beat analysts' expectations and often posted a positive performance post-earnings.

Portfolio Impact: As a Nifty 50 and BSE Sensex heavyweight, earnings-day moves ripple across the benchmark, making results market-relevant beyond the single stock.


ICICI Bank (ICICIBC IN / IBN US) Earnings Preview: Strong Track Record Points to Post-Result Gains

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Exchange holidays: Early October holidays in China (Golden Week) and South Korea (Chuseok) may dampen market activity, while India’s Diwali on 21–22 October brings the traditional Muhurat trading session.</li>
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Earnings season begins in the final third of October across India, Japan, China/Hong Kong, and South Korea, alongside key central bank meetings and the TOPIX rebalance on 30 October.</li>
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Why Read: Plan ahead and take into account known market events when making investment and trading decision.</li>
</ul>



Exchange holidays: Early October holidays in China (Golden Week) and South Korea (Chuseok) may dampen market activity, while India’s Diwali on 21–22 October brings the traditional Muhurat trading session.

Earnings season begins in the final third of October across India, Japan, China/Hong Kong, and South Korea, alongside key central bank meetings and the TOPIX rebalance on 30 October.

Why Read: Plan ahead and take into account known market events when making investment and trading decision.


Earnings Kickoff Dominates October 2025 Key Events

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/bajaj-finserv-ltd" target="_blank" data-smartkarma-citation="entities:5669:1" rel="noopener">Bajaj Finserv (BJFIN IN)</a> vs. <a href="https://www.smartkarma.com/entities/bajaj-finance-ltd" target="_blank" data-smartkarma-citation="entities:8950:1" rel="noopener">Bajaj Finance (BAF IN)</a> price-ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long Bajaj Finserv (BJFIN IN) and short Bajaj Finance Ltd (BAF IN) targets a 6% return.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Bajaj Finserv (BJFIN IN) vs. Bajaj Finance (BAF IN) price-ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Bajaj Finserv (BJFIN IN) and short Bajaj Finance Ltd (BAF IN) targets a 6% return.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Long Bajaj Finserv (BJFIN IN) Vs. Short Bajaj Finance (BAF IN): Statistical Arb Spread Hits Trigger

India

Nifty Bank Index is a free-float capitalization-weighted index comprised of the most liquid and large capitalized Indian Banking stocks. The index will have 12 stocks from the banking sector, which trade on the National Stock Exchange. The index was developed with a base value of 1000 as of January 1, 2000.

NSE Nifty Bank Index (NSEBANK INDEX EQUITY)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NSE Nifty Bank Index (NSEBANK INDEX EQUITY)

Bank Of India (BOI IN) Vs. Union Bank Of India (UNBK IN): Statistical Arbitrage Play Targeting 5%

Pair trade opportunity between Bank Of India and Union Bank Of India, with potential 5% return by going long Union Bank and short Bank Of India....

Gaudenz Schneider

HDFC Bank (HDFCB IN) Set to Report Q2 Results Ahead of Diwali Break

HDFC Bank will report FY2026 Q2 results on Saturday, 18 October 2025, with options prices implying a larger post-earnings move than historical...

Gaudenz Schneider

ICICI Bank (ICICIBC IN / IBN US) Earnings Preview: Strong Track Record Points to Post-Result Gains

Watch for ICICI Bank’s Q2 FY2026 results on 18 October 2025. The bank’s consistent earnings beats and strong post-result record could sway the...

Gaudenz Schneider

Earnings Kickoff Dominates October 2025 Key Events

October 2025 kicks off earnings season – reports from Fast Retailing (9983 JP), ICICI Bank (ICICIB IN) & more – alongside holidays and central bank...

Gaudenz Schneider

Long Bajaj Finserv (BJFIN IN) Vs. Short Bajaj Finance (BAF IN): Statistical Arb Spread Hits Trigger

Pair trade with a 6% target-return amid significant deviation of the price-ratio between Bajaj Finserv and Bajaj Finance. Opportunity for...

Gaudenz Schneider

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Bank Of India (BOI IN) Vs. Union Bank Of India (UNBK IN): Statistical Arbitrage Play Targeting 5%

​Pair trade opportunity between Bank Of India and Union Bank Of India, with potential 5% return by going long Union Bank and short Bank Of India....

Gaudenz Schneider

HDFC Bank (HDFCB IN) Set to Report Q2 Results Ahead of Diwali Break

HDFC Bank will report FY2026 Q2 results on Saturday, 18 October 2025, with options prices implying a larger post-earnings move than historical...

Gaudenz Schneider

ICICI Bank (ICICIBC IN / IBN US) Earnings Preview: Strong Track Record Points to Post-Result Gains

Watch for ICICI Bank’s Q2 FY2026 results on 18 October 2025. The bank’s consistent earnings beats and strong post-result record could sway the...

Gaudenz Schneider

Earnings Kickoff Dominates October 2025 Key Events

October 2025 kicks off earnings season – reports from Fast Retailing (9983 JP), ICICI Bank (ICICIB IN) & more – alongside holidays and central bank...

Gaudenz Schneider

Long Bajaj Finserv (BJFIN IN) Vs. Short Bajaj Finance (BAF IN): Statistical Arb Spread Hits Trigger

Pair trade with a 6% target-return amid significant deviation of the price-ratio between Bajaj Finserv and Bajaj Finance. Opportunity for...

Gaudenz Schneider

Pair trade opportunity between Bank Of India and Union Bank Of India, with potential 5% return by going long Union Bank and short Bank Of India....