Asia Pacific Single Stock Weekly Volatility Chartbook

研报英文原文证据摘录

Asia Pacific Single Stock Weekly Volatility Chartbook

Haoshun Liu AC Global Markets Strategy

(852) 2800-7736 30 July 2026 J P M O R G A N

haoshun.liu@jpmorgan.com

Call Buying and Overwriting Screen

Data as of Jul 28,2026 Source: J.P. Morgan, Bloomberg Finance L.P.

We present option screens for call buying and overwriting opportunities for Asia Pacific stocks The call overwriting signal will be triggered if: Sell/buy signals: Volatility rich/cheap signals:

with liquid options market. We use 5 technical and fundamental indicators with equal - sell signals > buy signals 1. 1M beta adjusted relative performance 1. 3M ATM implied volatility 2Y %tile

weighting to time the decision of buying or selling the stock and 2 quantitative measures with - vol rich signals > vol cheap signals 2. 63D price Z-score 2. 3M implied to realized spread 2Y %tile

equal weighting to gauge the richness/cheapness of implied volatility. Please see appendix for The call buying signal will be triggered if: 3. 14D RSI BuyBuy // BullishBullish SignalsSignals

the detailed methodology. Options pricing are indicative only. - buy signals > sell signals 4. BEst EPS 4W % Chg

Sell/Sell/ BearishBearish SignalsSignals

Attractive 3M 105% Call Overwriting Candidates

Trade 1M Price % 3M Price % YTD Price % Index 1M Beta Adj Rel 63D Price BEst EPS 4W % Price 3M ATM IV 2Y 3M IV-RV 2Y 3M 105 Call (Bid) 3M 105 IV Dividend Ex-

Ticker Name Action Change Change Change JPM Rating Benchmark Perf % Z-score 14D RSI %Chg Upside %tile %tile %Prem (Bid) Date Earnings Date

Asia Ex-Japan

5 HK Hsbc Holdings Pl Sell Call 9.7 15.2 32.4 OW MXASJ 15.1 2.1 72.9 -0.1 23.5 81.5 50.2 3.3 24.2 13-Aug-26 04-Aug-26

WES AT Wesfarmers Ltd Sell Call -1.7 23.4 10.0 UW MXASJ -1.1 0.9 52.6 0.2 -18.7 92.8 79.9 2.3 19.5 28-Aug-26 27-Aug-26