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…

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…

Market Recap 26/02/2023

Download PDF US  The main driver of US market returns this week was the U.S. core personal consumption expenditures price index that surged to 0.6% MoM in January far higher than the 0.4% expected and double the previous months.  The year-on-year increase was revised higher to 4.7% compared to the Read more…

Market Recap 19/02/2023

Download PDF US Equities started off the week strong, with most major indexes surging, in anticipation of Tuesday’s CPI report, where inflation slowed ever so slightly to 6.4% from 6.5% in December, less than market forecasts of 6.2%. The inflation reading was the first to be calculated by the Bureau Read more…

Market Recap 04/12/2022

Download PDF US The week started off with a substantial drop in the DOW Jones Index during the last hour of trading on Monday amid worries around commentary by Fed officials and reports of protests spreading in China. These worries were the main drivers of Tuesday’s markets as well with Read more…