In today’s briefing:
- Hang Seng Index (HSI INDEX) Top Trades: Recent Option Flow Reveals Strategic Positioning
- CRIZAC IN: Upcoming IPO – Niche B2B Educational Platform: Should You Subscribe?

Hang Seng Index (HSI INDEX) Top Trades: Recent Option Flow Reveals Strategic Positioning
- 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,
CRIZAC IN: Upcoming IPO – Niche B2B Educational Platform: Should You Subscribe?
- Crizac is a play on growth of overseas education. Its network of agents help candidates file University applications, which are then processed by Crizac before passing it to the universities
- Universities are increasingly outsourcing application and assessment processes to tap inbound students from emerging markets like India/China. 7mn people study abroad today, off which 3+mn are from India and China.
- IPO is priced attractively at TTM PE of 28x. We estimate FY27 EPS of 11-13 and potential multiple of 30x implying an upside of 35-60% from IPO price of 245