Download PDF Introduction We have seen some of the unique trading instruments introduced by the crypto space in our last article, namely perpetual futures and inverse futures and options. Building on our knowledge from another prior article where we introduced cryptocurrencies, basic blockchain infrastructure, as well as some decentralized finance Read more…
Download PDF Introduction Straddling into earnings is a long-volatility trading strategy that consists of entering a long straddle position right before companies’ earnings announcements and closing it after the earnings are released. By buying a straddle before an earnings announcement, investors are betting that the stock will experience a large Read more…
Download PDF US The second week of April was again positive for the US stock market, with the main indexes ranging from +0.29% for the Nasdaq, to +1.52% for the Russell. The S&P 500 and the Nasdaq are now 18% and 25% off the October lows respectively, trusting the ability Read more…
Download PDF Introduction Endeavour Group, the parent company of the Ultimate Fighting Championship, announced its plans to acquire WWE, the world’s largest professional wrestling organization, on April 3rd, 2023, creating one of the world’s greatest sports entertainment corporations, valued at $18.4bn. WWE has mostly lost its pop culture appeal and youthful following Read more…
Downlooad PDF Introduction Sweden has been widely regarded as a model for social welfare and economic prosperity, and its housing market, GDP, and inflation rates are key indicators of its economic stability. However, the Swedish housing market has been a source of concern in recent times, with some claiming that Read more…
Download PDF Introduction Semiconductors have become the backbone of the world’s economy. That is not a ground-breaking, yet the paramount consequences should be appreciated. Semiconductors (or chips) are used in every modern piece of technology, ranging from phones and laptops to cars and military equipment. Control over the supply chain Read more…
Download PDF Introduction Transaction costs are a critical component of trading strategies, as they can have a significant impact on returns. Institutional investors need to be able to accurately model transaction costs to make informed decisions in backtesting and optimising their strategies. In this article, we will explore the various Read more…
Download PDF Introduction On April 3rd, 2023, L’Oréal agreed to buy Australian high-end cosmetics brand Aesop from its Brazilian owner, Natura & Co, for an enterprise value of $2.5bn. The transaction is still subject to regulatory approvals and is expected to close in Q3 2023. This deal is widely considered Read more…
Download PDF Introduction Subscription models are not a novel concept, in fact it can be traced back to its origins in 17th century England. Now, though, subscriptions are everywhere, from paying your phone bill to subscribing to your local gym or even for your monthly coffee delivery. Subscription models have Read more…
Download PDF Introduction After years marked by scandals, accounting malpractices, poor strategic decisions, and an overall faulty corporate governance, Toshiba seems to have found a buyer. On March 23, 2023, the Board of Directors approved a $15bn offer from a consortium of 17 domestic companies and 6 financial institutions, led Read more…
Download PDF Introduction Global macro strategies, which aim to profit from economic and political trends across markets and asset classes, have been a staple of the investment world for decades. In recent times, these strategies have gained in popularity as investors seek to diversify their portfolios and take advantage of Read more…
Download PDF Introduction Over the past decade, private equity firms, previously known for their aggressive takeovers of large corporations, entered the relatively somber world of insurance. Apollo Global Management [NYSE: APO], under the initiative of co-founder Marc Rowan, entered the world of insurance through building Athene. The idea was that Read more…
Download PDF US The US stock market closed a very positive week with all the main indices gaining more than 3% from last Friday, bringing all indices positive YTD, with the Dow Jones and the Russel 3000 Value just entering positive territory for the year. The S&P and Nasdaq concluded Read more…
Download PDF What are 0DTEs? Zero Days to Expiry (0DTE) options are options that expire on the same day they are purchased; this gives them an unusually high amount of leverage that is hard to find anywhere else. Due to theta, the extrinsic value of an option declines exponentially as Read more…
Download PDF Introduction On March 6th Altria [NYSE: MO], one of the largest cigarette companies in the world, announced their agreement to acquire e-cigarette startup NJOY for approximately $2.75 billion, making it the largest transaction up to date in the Consumer segment for 2023. The deal comes a couple of Read more…