Every indexed document

sell 4x contracts of V2X Aug future 22-May-17 1.00%

sell Dec17 ATM worst-of call on the same

expiry Buy cheap EM equity puts on near-record performance gap to commodities

sell XLF Jun17 25 call 20-Mar-17 0.57% Jun-17 expiry Sell rich Financials vol to fund cheap Tech upside

expiry Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it

sell 1x SXEP Jun17 330 call 9-Jan-17 1.00% Jun-17 expiry

small caps revert to old normal generating higher vol

500 strike FVA 02-Dec-16 21.5% Jun-17 expiry What if QE hits its limit? Long NKY vol outright which is cheap to carry

sell 1.8x Jun-17 ATM worst-of calls on XLP

given environment of structurally higher political & economic risks and

there was $630mn of Uridashi products issued

500 in May and triggering some early knock-outs

the legacy HSCEI-linked products issued in May-15 were

India’s NIFTY saw the largest flattening as its

term structures among Asian indices remained unchanged at 3.8% last

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.