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

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

<ul>
<li>We look into whether long or short volatility strategies on the HSI have been the most effective.</li>
<li>Implied volatility remained under pressure as muted trading and weak price action weighed on implied volatility.</li>
<li>Despite finishing lower, HSI remained a strong relative performer among global indexes, particularly against SPX.</li>
</ul>


We look into whether long or short volatility strategies on the HSI have been the most effective.
Implied volatility remained under pressure as muted trading and weak price action weighed on implied volatility.
Despite finishing lower, HSI remained a strong relative performer among global indexes, particularly against SPX.


HSI Index Options Weekly (March 10-14): Flat Week but Still and Strong Relative Performer

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!

Derivatives and Quantitative Strategist

Gaudenz Schneider

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)

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>For the week ending 07/Mar, US crude inventories increased by 1.4m barrels, missing expectations of a 2.1m barrel build. Meanwhile, gasoline and distillate stockpiles fell more than expected.</li>
<li>US natural gas inventories fell by 62 Bcf for the week ending 07/Mar, lower than analyst expectations of a 46 Bcf drawdown. Inventories are 11.9% below the 5-year seasonal average.</li>
<li>SNB Capital and United Securities cut Aramco's price targets. TotalEnergies CEO expects LNG prices to decline by decade’s end.</li>
</ul>


For the week ending 07/Mar, US crude inventories increased by 1.4m barrels, missing expectations of a 2.1m barrel build. Meanwhile, gasoline and distillate stockpiles fell more than expected.
US natural gas inventories fell by 62 Bcf for the week ending 07/Mar, lower than analyst expectations of a 46 Bcf drawdown. Inventories are 11.9% below the 5-year seasonal average.
SNB Capital and United Securities cut Aramco's price targets. TotalEnergies CEO expects LNG prices to decline by decade’s end.


[ETP 2025/11] Weak Demand and Trade Tensions Weigh on Crude, Volatile Weather Pressures Henry Hub

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P 500 INDEX (SPX INDEX)

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

HSI Index Options Weekly (March 10-14): Flat Week but Still and Strong Relative Performer

Performance of long and short volatility strategies on HSI is examined, Volatility was down on the week on muted trading through the middle of the...

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

[ETP 2025/11] Weak Demand and Trade Tensions Weigh on Crude, Volatile Weather Pressures Henry Hub

US crude inventories rise, missing expectations, while gasoline and distillate stockpiles fall. Aramco's price targets cut, TotalEnergies CEO...

Mint Finance

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

HSI Index Options Weekly (March 10-14): Flat Week but Still and Strong Relative Performer

Performance of long and short volatility strategies on HSI is examined, Volatility was down on the week on muted trading through the middle of the...

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

[ETP 2025/11] Weak Demand and Trade Tensions Weigh on Crude, Volatile Weather Pressures Henry Hub

​US crude inventories rise, missing expectations, while gasoline and distillate stockpiles fall. Aramco's price targets cut, TotalEnergies CEO...

Mint Finance

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.

US crude inventories rise, missing expectations, while gasoline and distillate stockpiles fall. Aramco's price targets cut, TotalEnergies CEO...