we take profit on our nasdaq convexity
We initiated the following strangle on 30/05, to cope with more volatile markets July 7050 Call – 6950 Put and this what we got. We doubled the net premium invested while the strategy remained market…
Close long WTI crude oil for a 5.2% return & buy CVX, HAL & SLB
OPEC has agreed to boost oil production, achieving a last- minute compromise that overcame Iran’s threats to veto any supply hike. The accord is a much-needed show of unity from the Organization of Petroleum Exporting…
Buy Sika (SIKA SW) below 135 for a target @ S155
Sika is our favourite material in Europe and has recently retraced 50% of its rise since April. Our grades are strong (Eps growth at 70, smart sentiment at 87 and quality at 54). Our target is…
Short Burberry above 2110 for a 1960 target
The catalyst for the short is the US-China/Europe trade war: luxury names have not yet reacted to that headwind, like automobiles. Burberry is the worst luxury European company based on our quant lab. Its Eps…
Buy upside convexity on Brazil
we recommand buying call on the etf on Brazil. This move is very exagerated and offers a high risk-reward convexity bet on the upside (one of my favourite one) EWZ US 09/21/18 C39 Equity below 0.35…
triple witching: increase long gamma
S&P 500 implied vol is too low for all the coming events such as Fed, ECB, BOJ, etc... [Realized vol - implied vol] for the week of FOMC has been positive all year vs the previous…
Buy Halliburton below 48 for a 54.5 target
Energy one of favorite sector in US and Halliburton one of our best mix of quant grades, technically making a rounding bottom at 61.8% fibo retracement , our target is 54.5 and we add it on…
Buy world cup names (adidas, ABinbev, Carlsberg, Yandex …)
What are the companies which should benefit from the World cup ? first, Adidas is best positioned within Sportswear. For this year's World Cup in Russia, Adidas is sponsoring 12 national teams (out of a total…
update on our long list in europe (going a bit defensive)
Out: LONN SW (grade down to 53), LOGN SW replaced by 2 defensive names : GSF NO & BARN SW
short Kone Oyj (Knebv fh)
Short > 44.3 , target 42.75 , stop 45.65 Today GS is upgrading from Sell to Buy with a €50 12m PT (was €38). Post strong performance from 2009-14, when China construction (KONE's main market, c.25%…