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the biggest increase in the region. On the other

where the NIFTY gained 0.6% last week. The leading name in the

last week’s second biggest gainer was Hong Kong’s HSI

and hence we recommend buying a 14-Sep-2017 95% strike best-of

while equity foreign inflows year-to-date are at the highest since 2004.

we feel that it is prudent that investors

led by uber ""growth"" (EM internet stock

where r(t) is the return on day t. **Indicative mid prices; strikes as % of forward ***Negative values indicate that the bullish risk reversal takes in a credit.

the 15 below have liquid options. Notably

which is higher than equivalent flies ahead of

the agreement reached between major Italian parties on a

too quick: hedge a potential reversal using a Sep17

which is already subdued even for the current lowvol

extending into June as it printed 6 out of

similar to what we have become accustomed to over

NDX and INDU finished the week at all-time highs.

while Russell 2000 1y+ vols remained bid (Chart 19). Last week

volatility has once again collapsed (10d realized is at 4.6%) and the

in part driven by Tech market cap dominating the

the spread to realized correlation has remained healthy with the SPX Top50