​Daily Bulletin: Thursday June 4

Heavy volume in CBOE VIX calls was seen today, breaking a dry spell for the options. Over 200,000 calls were traded early in the morning, with a big June-July stupid trading via about 100,000 contracts. We also take a look at the Hong Kong Exchange’s potential expansion plans for the HK-Shanghai Connect. It seems the bourse is looking to list more European style structured products, such as range accruals, hoping the Chinese authorities will come onboard and allow Mainland investors to dip their toes into the market. We also talk to Hong Kong-based MCM Partners who are spruiking overwriting OTM HSCEI June calls, as the index moves into a seasonal low following a sustained rally since March. In the people and firms section, we also wrap up a month of European moves.