Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Dividends and Repo as Asset Classes - Focus on the Nikkei 225 Index

Nikkei 225 Dividend Futures: Buy The Selloff

Nikkei225 Dividend Futures: The Easy Gains Have Been Made

HSCEI Dividend Futures - 2020 Oversold, 20/21 Spread Closer to Fair Value

Event-Driven

The Nikkei225 2020 dividend futures have traded higher as the <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" rel="noopener" data-smartkarma-citation="entities:22909:1">Nikkei 225 (NKY INDEX)</a> index has continued to rally. At current traded levels, the 2020 dividend futures imply a 10% drop from the expiry level of the Nikkei225 2019 dividend futures contract.In the current economic environment and using bottom up estimates, we feel that this is overly positive and trades in line with the bull case scenario that we outlined in our earlier Insight.The risk/reward at this point favours selling the Nikkei225 dividend futures and we feel that there will be an opportunity to cover the short in the next couple of months.

The Nikkei225 2020 dividend futures have traded higher as the Nikkei 225 (NKY INDEX) index has continued to rally. At current traded levels, the 2020 dividend futures imply a 10% drop from the expiry level of the Nikkei225 2019 dividend futures contract.In the current economic environment and using bottom up estimates, we feel that this is overly positive and trades in line with the bull case scenario that we outlined in our earlier Insight.The risk/reward at this point favours selling the Nikkei225 dividend futures and we feel that there will be an opportunity to cover the short in the next couple of months.

Nikkei225 Dividend Futures: Trading Near Our Bull Case