(SPX,NKY,andSX5E)continuedtorise,EMvolroseaswellwithBovespaimpliedvoljumping5pts.Bycontrast,Asiaimpliedvolroseonlyslightlyandiswellbelowitsfullyearavg.Wecontinuetolikebuying6-mo105%HSIcallsvs.selling6-mo105%callsonS&P500,thistradecanbedoneat50bpsupfrontcreditindicatively.NIFTYputpricesamongleastexpensive...