ConsumerDaily Briefs

Daily Brief Consumer: Hang Seng Index, Crizac and more

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

By Gaudenz Schneider

  • 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?

By Himanshu Dugar

  • 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

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