HOUSE_OVERSIGHT_025987.jpg
2.04 MB
Extraction Summary
2
People
4
Organizations
1
Locations
0
Events
0
Relationships
3
Quotes
Document Information
Type:
Financial research report
File Size:
2.04 MB
Summary
This document is a page from a 'Global Equity Volatility Insights' report produced by Bank of America Merrill Lynch on August 9, 2016. It outlines a financial trading strategy to capitalize on a seasonal dip in oil prices by selling USO puts to fund SXEP calls. The document contains technical financial analysis, charts regarding sector performance, and carries a House Oversight Bates stamp, indicating it was part of a document production for a congressional investigation.
People (2)
| Name | Role | Context |
|---|---|---|
| Commodity Strategists | Analysts |
Mentioned as source of the 'buy the dip' opportunity recommendation.
|
| Credit Strategists | Analysts |
Mentioned regarding CSPP bond purchases.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Logo present on document footer; source of research.
|
|
| BoE |
Bank of England; mentioned regarding easing.
|
|
| ECB |
European Central Bank; implied by reference to CSPP (Corporate Sector Purchase Programme).
|
|
| House Oversight Committee |
Implied by Bates stamp 'HOUSE_OVERSIGHT_025987'.
|
Locations (1)
| Location | Context |
|---|---|
|
Focus of the volatility report and SXEP equity.
|
Key Quotes (3)
"The seasonal sell-off in oil presents a 'buy the dip' opportunity according to our commodity strategists, who expect prices to rebound to $55/bbl by year end."Source
HOUSE_OVERSIGHT_025987.jpg
Quote #1
"Sell 1x USO 3M 25d (~88% strike) puts to fully fund 2.1x SXEP (Oil & Gas equity) 25d (~106% strike) calls"Source
HOUSE_OVERSIGHT_025987.jpg
Quote #2
"CSPP has purchased an outsized proportion of Energy corporate bonds and this has yet to feed through to equities"Source
HOUSE_OVERSIGHT_025987.jpg
Quote #3
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