A Primer on 0DTE Options

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…

Market Recap 26/03/2023

Download PDF Context Markets witnessed the second largest bank collapse in US history since the fall of Lehman Brothers in 2008, as SVB was taken over by regulators on the 10th of March. Since March 2022, the FED has frenetically increased its target fund rate in an effort to tame Read more…

US equities outlook

Download PDF Introduction on recent market developments After a subdued performance of equities in 2022 (-18.01% dividends adjusted), January has seen a significant turning point for US equities, given the recent strong rally. This article will briefly summarize what happened in markets this last month, outlining the causes of the Read more…

The Pre-FOMC Drift in Emerging Markets

Download PDF Introduction The following article will investigate the peculiar phenomenon of excess market returns that seem to accumulate before FOMC announcements and that can hold, depending on the announcement itself, for several days after the decision. The Federal Open Market Committee (FOMC) is the organ of the US Federal Read more…

Market Recap 05/03/2023

Download PDF US Every major index in the US had a positive week after starting slow and rebounding in Thursday’s and Friday’s sessions. The NASDAQ Composite led the pack with a weekly growth of 2.58%, followed closely by the Russell 3000 Growth Index which enjoyed a WoW climb of 2.46%. Read more…

To merge or not to merge? Shareholders divided over controversial Ritchie Bros. – IAA proposed merger

Download PDF Introduction Global asset manager and disposition company Ritchie Bros. Auctioneers recently announced an amended agreement to acquire salvage-yard operator IAA, valuing the company at $5.94bn. The improved cash-and-stock offer comes after an initial bid, that included 28% less cash but more equity, was met with concerns from shareholders Read more…

Trading the Chinese Reopening

Download PDF Introduction The reopening of China’s economy in 2023 has been welcomed with optimism and anticipation as it offers a potential return to pre-pandemic growth. The Chinese government’s decision to reopen has led to an increase in the prices of many assets related to the country and has spurred Read more…