Bank of America Merrill Lynch Global Equity Volatility Insights – Market Trade Recommendations (June 20, 2017)

Bank of America Merrill Lynch Global Equity Volatility Insights – Market Trade Recommendations (June 20, 2017) The document is a routine internal research note offering market‑neutral trading ideas, volatility analyses, and disclosures of potential conflicts of interest. It contains no specific allegations, financial flows, or misconduct involving high‑profile public officials, foreign leaders, or intelligence agencies. The only actionable leads are generic trade recommendations (e.g., options structures on SPX, EU banks, HSCEI‑SPX variance spreads) that are already public and lack novel, sensitive information. Key insights: Suggests a "collar" strategy on US equities based on Fed policy (the so‑called "Yellen put").; Recommends dispersion trades on EU banks via a long call basket and short worst‑of call.; Proposes HSCEI‑SPX corridor variance spreads to capture EM vs. DM volatility differentials.