TPX 1000 Index - Dividends and Implied Volatility Surfaces Parameters

Page 1

16.10.2012

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

At The Money Implied Volatilities by Terms

TOPIX 1000 Index - TPX1000

Ticker

Name

GICS_SECTOR_NAME

ATM Ref

Dividend Yield

Next ExDividend Date

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

7203 JT Equity

TOYOTA MOTOR CORP

Consumer Discretionary

3030.00

2.31%

27.03.2013

26.68

33.18

33.36

34.28

0.012

0.111

0.072

0.009

0.001

0.000 -0.002

8306 JT Equity

MITSUBISHI UFJ FINANCIAL GRO

Financials

361.00

3.32%

26.09.2013

24.21

30.11

30.19

30.68

-0.010 -0.005 0.006

0.027

0.012

0.001

0.001 -0.001

7267 JT Equity

HONDA MOTOR CO LTD

Consumer Discretionary

2448.00

3.19%

26.06.2013

32.07

24.90

24.99

24.99

0.188

0.276

0.280

0.291

0.000

0.001

0.001

8316 JT Equity

SUMITOMO MITSUI FINANCIAL GR

Financials

2399.00

4.79%

26.09.2013

24.21

32.07

32.25

33.20

-0.006 0.033

0.037

0.046

0.004 -0.007 -0.008 -0.008

9432 JT Equity

NIPPON TELEGRAPH & TELEPHONE

Telecommunication Services3840.00

4.17%

26.09.2013

26.63

13.75

13.86

14.25

-0.070 -0.095 -0.058 0.010

8411 JT Equity

MIZUHO FINANCIAL GROUP INC

Financials

124.00

6.45%

26.09.2013

22.20

28.94

29.13

30.01

7751 JT Equity

CANON INC

Information Technology

2520.00

4.96%

26.12.2012

37.14

19.69

20.00

19.73

4502 JT Equity

TAKEDA PHARMACEUTICAL CO LTD

Health Care

3565.00

5.05%

26.09.2013

13.56

7.74

7.77

7.95

0.083 -0.095 -0.051 0.021

6954 JT Equity

FANUC CORP

Industrials

12400.00

1.48%

27.03.2013

25.81

35.01

35.03

35.45

-0.068 -0.002 0.004

0.021

0.014 -0.002 -0.002 -0.002

2914 JT Equity

JAPAN TOBACCO INC

Consumer Staples

2335.00

2.36%

26.09.2013

31.52

30.05

30.07

30.43

0.003

0.005

0.007

0.014

-0.002 0.000

9984 JT Equity

SOFTBANK CORP

Telecommunication Services2485.00

1.61%

26.09.2013

63.57

28.59

28.83

29.41

-0.683 0.100

0.091

0.081

-0.036 -0.001 -0.001 -0.001

8802 JT Equity

MITSUBISHI ESTATE CO LTD

Financials

0.92%

26.09.2013

30.83

33.35

33.60

34.09

0.037

0.026

0.030

0.036

0.002 -0.001 -0.002 -0.002

9437 JT Equity

NTT DOCOMO INC

Telecommunication Services 124700.00

4.81%

26.09.2013

9.61

12.46

12.47

12.64

-0.018 0.004

0.010

0.026

0.015

0.000

0.000 -0.001

8058 JT Equity

MITSUBISHI CORP

Industrials

1368.00

4.90%

26.09.2013

22.08

23.18

23.18

23.45

-0.028 0.002

0.005

0.014

0.007

0.000

0.000

0.000

3382 JT Equity

SEVEN & I HOLDINGS CO LTD

Consumer Staples

2378.00

2.61%

28.08.2013

25.37

14.15

14.06

14.15

-0.031 -0.016 -0.012 -0.006

0.001

0.005

0.004

0.000

6501 JT Equity

HITACHI LTD

Information Technology

414.00

2.54%

27.03.2013

30.45

33.31

33.47

34.00

-0.094 -0.032 -0.029 -0.025

0.008

0.000

0.000

0.000

8031 JT Equity

MITSUI & CO LTD

Industrials

1107.00

5.24%

26.09.2013

20.75

24.64

24.68

25.15

-0.006 -0.030 -0.028 -0.026

0.005

0.001

0.001

0.000

9020 JT Equity

EAST JAPAN RAILWAY CO

Industrials

5410.00

2.13%

26.09.2013

21.27

12.35

12.39

12.58

-0.001 -0.072 -0.057 -0.023

0.005

0.009

0.006

0.000

9433 JT Equity

KDDI CORP

Telecommunication Services5920.00

2.70%

26.09.2013

24.68

26.39

26.46

26.85

0.055 -0.233 -0.233 -0.238

-0.001 0.001

0.001

0.001

4503 JT Equity

ASTELLAS PHARMA INC

Health Care

3800.00

3.42%

26.09.2013

17.31

11.41

11.52

11.86

0.086 -0.110 -0.070 0.002

0.005

0.005

0.000

7201 JT Equity

NISSAN MOTOR CO LTD

Consumer Discretionary

682.00

2.93%

27.03.2013

36.98

23.32

23.45

23.90

-0.060 0.022

0.031

0.031

-0.006 0.000

0.000 -0.001

4063 JT Equity

SHIN-ETSU CHEMICAL CO LTD

Materials

4565.00

2.19%

26.09.2013

24.95

23.04

23.11

23.45

0.026

0.025

0.028

0.038

-0.003 0.000

0.000 -0.001

6301 JT Equity

KOMATSU LTD

Industrials

1622.00

2.84%

26.09.2013

36.25

32.94

32.93

33.54

0.096

0.086

0.093

0.116

-0.003 -0.001 -0.001 0.000

8766 JT Equity

TOKIO MARINE HOLDINGS INC

Financials

2067.00

2.66%

26.09.2013

28.30

23.43

23.51

23.95

0.274

0.366

0.369

0.382

-0.003 0.000

5401 JT Equity

NIPPON STEEL & SUMITOMO META

Materials

174.00

1.72%

27.03.2013

36.21

37.79

37.80

37.68

0.107

0.005

0.006 -0.006

0.012 -0.001 -0.001 0.000

8801 JT Equity

MITSUI FUDOSAN CO LTD

Financials

1585.00

1.39%

26.09.2013

29.72

24.46

24.47

24.62

-0.084 0.009

0.010

0.013

-0.003 -0.001 -0.001 0.000

1605 JT Equity

INPEX CORP

Energy

478500.00

1.36%

26.09.2013

34.04

38.90

38.85

39.22

0.114

0.008

0.033

0.083

0.002 -0.003 -0.002 -0.001

8001 JT Equity

ITOCHU CORP

Industrials

786.00

5.09%

26.09.2013

17.65

22.35

22.45

22.98

0.004

0.008

0.012

0.022

0.015

0.000 -0.001 -0.002

8053 JT Equity

SUMITOMO CORP

Industrials

1055.00

5.12%

26.09.2013

17.74

23.15

23.14

23.52

0.052

0.003

0.004

0.009

0.014

0.000

0.000

0.000

4452 JT Equity

KAO CORP

Consumer Staples

2211.00

2.80%

26.06.2013

20.19

18.87

18.86

18.87

-0.026 -0.080 -0.061 -0.011

0.006

0.003

0.002

0.001

6902 JT Equity

DENSO CORP

Consumer Discretionary

2467.00

2.19%

26.09.2013

29.81

22.49

22.47

22.52

-0.001 0.025

0.033

0.050

-0.002 0.000

7974 JT Equity

NINTENDO CO LTD

Information Technology

10580.00

0.95%

27.03.2014

47.73

29.07

29.62

30.72

0.302

0.169

0.268

-0.023 -0.001 -0.001 -0.001

5108 JT Equity

BRIDGESTONE CORP

Consumer Discretionary

1827.00

1.75%

26.06.2013

24.72

19.14

19.37

19.46

-0.013 -0.026 -0.018 0.005

0.006

6503 JT Equity

MITSUBISHI ELECTRIC CORP

Industrials

598.00

2.01%

27.03.2013

30.44

36.12

36.06

36.15

-0.047 0.005

0.008

0.023

0.008 -0.001 -0.001 -0.001

7011 JT Equity

MITSUBISHI HEAVY INDUSTRIES

Industrials

354.00

1.69%

26.09.2013

27.38

33.29

33.30

33.52

-0.031 -0.006 0.009

0.039

0.011

8604 JT Equity

NOMURA HOLDINGS INC

Financials

275.00

3.64%

27.03.2013

30.77

38.59

38.69

39.48

0.316

0.444

0.457

0.497

0.002 -0.013 -0.014 -0.017

6758 JT Equity

SONY CORP

Consumer Discretionary

937.00

2.67%

27.03.2013

36.71

27.54

27.57

27.83

0.077

0.370

0.377

0.402

-0.002 -0.002 -0.002 -0.002

9022 JT Equity

CENTRAL JAPAN RAILWAY CO

Industrials

6920.00

1.66%

26.09.2013

18.08

17.68

17.67

17.75

-0.125 -0.010 -0.006 0.000

6502 JT Equity

TOSHIBA CORP

Information Technology

272.00

2.94%

27.03.2013

37.20

33.17

33.27

34.04

-0.061 0.101

0.101

0.109

0.001 -0.001 -0.001 -0.002

6752 JT Equity

PANASONIC CORP

Consumer Discretionary

494.00

2.53%

26.09.2013

30.43

23.98

24.13

24.67

0.236

0.222

0.234

0.281

-0.005 -0.008 -0.008 -0.008

6971 JT Equity

KYOCERA CORP

Information Technology

6770.00

1.77%

27.03.2013

25.55

19.24

19.21

19.31

0.006

0.032

0.041

0.060

0.001

0.001

0.001

9531 JT Equity

TOKYO GAS CO LTD

Utilities

430.00

2.21%

26.09.2013

17.42

14.73

14.75

14.90

-0.118 -0.230 -0.160 -0.016

0.010

0.009

0.005 -0.002

5020 JT Equity

JX HOLDINGS INC

Energy

444.00

3.60%

26.09.2013

26.58

24.98

24.99

25.13

0.022

0.009

0.000

0.000

4578 JT Equity

OTSUKA HOLDINGS CO LTD

Health Care

2428.00

2.06%

26.09.2013

8830 JT Equity

SUMITOMO REALTY & DEVELOPMNT

Financials

2133.00

0.94%

26.09.2013

31.99

36.44

36.79

37.53

-0.030 -0.034 -0.029 -0.023

0.006 -0.002 -0.002 -0.002

6861 JT Equity

KEYENCE CORP

Information Technology

19840.00

0.33%

18.09.2013

25.44

25.17

25.12

25.04

0.002

0.004

0.005

0.002

0.000

0.000

0.000

2503 JT Equity

KIRIN HOLDINGS CO LTD

Consumer Staples

1009.00

2.78%

26.06.2013

16.69

21.70

21.97

21.91

0.046

0.004

0.014

0.035

0.005

0.001

0.000 -0.001

8750 JT Equity

DAI-ICHI LIFE INSURANCE

Financials

90700.00

1.76%

27.03.2014

33.53

33.14

33.05

33.26

0.002

0.005

0.006

0.012

0.000

0.000

0.000

0.000

4523 JT Equity

EISAI CO LTD

Health Care

3420.00

4.39%

26.09.2013

16.73

20.25

20.43

21.12

-0.043 -0.028 -0.029 -0.031

0.007

0.000

0.000

0.000

8309 JT Equity

SUMITOMO MITSUI TRUST HOLDIN

Financials

226.00

4.54%

26.09.2013

30.48

30.19

30.17

30.47

-0.087 0.018

0.014

0.009

0.011 -0.002 -0.001 0.000

8002 JT Equity

MARUBENI CORP

Industrials

505.00

4.95%

26.09.2013

27.81

34.22

34.20

34.79

0.132

0.232

0.247

0.007 -0.005 -0.005 -0.005

2502 JT Equity

ASAHI GROUP HOLDINGS LTD

Consumer Staples

1896.00

1.48%

26.06.2013

17.10

21.34

21.53

21.58

-0.096 -0.131 -0.120 -0.096

0.010

0.000 -0.001 -0.002

4568 JT Equity

DAIICHI SANKYO CO LTD

Health Care

1204.00

5.40%

26.09.2013

24.21

15.12

14.99

15.01

-0.028 -0.005 -0.002 0.007

0.012

0.005

0.003

0.000

6981 JT Equity

MURATA MANUFACTURING CO LTD

Information Technology

4005.00

2.50%

26.09.2013

38.08

29.49

29.61

29.94

0.034 -0.020 -0.017 0.002

-0.010 0.001

0.001

0.000

8591 JT Equity

ORIX CORP

Financials

8040.00

1.12%

27.03.2013

20.68

35.65

35.78

36.34

0.052

0.021

0.021

0.023

0.015 -0.001 -0.001 -0.001

7741 JT Equity

HOYA CORP

Information Technology

1673.00

4.18%

27.03.2013

21.90

26.59

26.63

27.06

-0.031 0.019

0.022

0.032

0.011

0.000

0.000

9735 JT Equity

SECOM CO LTD

Industrials

3990.00

2.51%

27.03.2014

18.42

20.67

20.77

21.49

0.029

0.020

0.024

0.036

0.004

0.000

0.000 -0.001

8725 JT Equity

MS&AD INSURANCE GROUP HOLDIN

Financials

1357.00

3.98%

26.09.2013

30.24

22.12

22.13

22.39

-0.014 0.027

0.031

0.042

-0.002 0.000

6326 JT Equity

KUBOTA CORP

Industrials

810.00

1.98%

27.03.2013

24.10

33.44

33.56

34.08

0.043 -0.005 -0.002 0.007

0.008 -0.001 -0.001 -0.001

6273 JT Equity

SMC CORP

Industrials

12310.00

0.31%

26.09.2013

29.48

29.15

29.08

29.01

0.002

0.008

0.000

0.000

0.000

0.000

2802 JT Equity

AJINOMOTO CO INC

Consumer Staples

1209.00

1.32%

26.09.2013

17.38

14.00

13.90

13.70

-0.102 -0.121 -0.076 0.008

0.016

0.007

0.004

0.000

7269 JT Equity

SUZUKI MOTOR CORP

Consumer Discretionary

1679.00

0.95%

26.09.2013

28.37

23.69

23.71

23.85

-0.138 0.025

0.044

0.082

0.000 -0.001 -0.001 -0.001

7731 JT Equity

NIKON CORP

Consumer Discretionary

1950.00

1.64%

26.09.2013

31.61

32.81

32.85

33.31

0.042

0.046

0.051

0.060

0.001

1878 JT Equity

DAITO TRUST CONSTRUCT CO LTD

Financials

7970.00

3.80%

26.09.2013

3402 JT Equity

TORAY INDUSTRIES INC

Materials

442.00

2.26%

26.09.2013

30.18

42.17

42.15

42.68

0.008

0.093

0.095

0.104

0.009 -0.002 -0.001 -0.001

9532 JT Equity

OSAKA GAS CO LTD

Utilities

333.00

2.40%

26.09.2013

12.96

8.34

8.56

9.76

-0.104 -0.097 -0.068 0.076

0.035

0.025

0.019

0.006

9983 JT Equity

FAST RETAILING CO LTD

Consumer Discretionary

16190.00

1.73%

26.02.2014

48.01

31.64

31.49

31.44

-0.136 0.003

-0.019 0.000

0.000

0.000

1925 JT Equity

DAIWA HOUSE INDUSTRY CO LTD

Financials

1145.00

2.62%

27.03.2014

22.93

25.70

25.75

26.28

-0.019 -0.031 -0.027 -0.019

0.010

9502 JT Equity

CHUBU ELECTRIC POWER CO INC

Utilities

958.00

5.74%

26.09.2013

35.37

17.28

17.22

17.39

0.245

0.561

0.687

-0.008 -0.001 -0.002 -0.005

8630 JT Equity

NKSJ HOLDINGS INC

Financials

1517.00

5.27%

27.03.2014

33.99

37.69

37.59

38.95

-0.010 -0.001 0.002

0.009

0.004 -0.001 -0.001 -0.001

5802 JT Equity

SUMITOMO ELECTRIC INDUSTRIES

Industrials

835.00

2.51%

26.09.2013

31.53

36.84

36.82

37.26

-0.172 -0.221 -0.216 -0.201

0.006

0.000

0.000 -0.001

6988 JT Equity

NITTO DENKO CORP

Materials

3545.00

2.54%

26.09.2013

31.07

40.65

40.91

41.87

-0.069 0.031

0.038

0.017

0.001

0.001

0.000

8795 JT Equity

T&D HOLDINGS INC

Financials

849.00

2.65%

27.03.2014

27.63

36.45

36.52

37.48

-0.043 -0.024 -0.019 -0.007

0.012

0.000

0.000

0.000

8308 JT Equity

RESONA HOLDINGS INC

Financials

353.00

3.40%

27.03.2014

24.15

29.85

29.93

30.83

0.055

0.253

0.281

0.340

0.014 -0.002 -0.003 -0.006

4901 JT Equity

FUJIFILM HOLDINGS CORP

Information Technology

1352.00

2.96%

26.09.2013

26.86

23.18

23.23

23.55

0.299

0.407

0.421

0.461

0.003

8267 JT Equity

AEON CO LTD

Consumer Staples

860.00

2.79%

28.08.2013

17.80

18.98

18.88

18.97

0.080

0.078

0.075

0.080

0.011 -0.002 -0.003 -0.004

8035 JT Equity

TOKYO ELECTRON LTD

Information Technology

3520.00

1.76%

26.09.2013

37.20

32.06

32.19

32.59

0.023

0.031

0.045

0.075

-0.007 -0.002 -0.001 0.000

6594 JT Equity

NIDEC CORP

Industrials

5300.00

1.89%

26.09.2013

31.78

28.53

28.57

28.78

-0.023 0.010

0.013

0.020

-0.003 -0.001 -0.001 -0.001

4661 JT Equity

ORIENTAL LAND CO LTD

Consumer Discretionary

10400.00

1.01%

26.09.2013

15.47

15.38

15.32

15.24

0.040 -0.023 -0.012 0.007

0.004

0.002

0.001

8601 JT Equity

DAIWA SECURITIES GROUP INC

Financials

299.00

4.35%

27.03.2013

30.64

29.01

29.15

29.67

0.050

0.123

0.000

0.000

0.000 -0.001

6702 JT Equity

FUJITSU LTD

Information Technology

303.00

3.30%

26.09.2013

29.93

30.47

30.47

30.88

-0.211 -0.011 -0.004 0.013

0.012

0.001

0.001

0.000

9021 JT Equity

WEST JAPAN RAILWAY CO

Industrials

3315.00

3.02%

26.09.2013

13.48

16.79

16.82

17.08

-0.057 -0.049 -0.029 0.008

0.011

0.002

0.001

0.000

5713 JT Equity

SUMITOMO METAL MINING CO LTD

Materials

1057.00

2.74%

26.09.2013

44.60

37.61

38.29

40.09

0.217

0.037

0.075

0.146

-0.004 -0.001 -0.001 -0.002

5201 JT Equity

ASAHI GLASS CO LTD

Industrials

554.00

4.69%

26.06.2013

34.36

27.80

28.30

28.03

0.023

0.116

0.146

0.198

-0.008 -0.003 -0.003 -0.003

1963 JT Equity

JGC CORP

Industrials

2732.00

1.59%

27.03.2014

28.27

32.23

32.36

32.98

0.094 -0.011 -0.010 -0.007

9202 JT Equity

ALL NIPPON AIRWAYS CO LTD

Industrials

157.00

2.55%

27.03.2014

24.69

25.30

25.25

25.41

-0.207 0.013

0.014

0.018

0.021

0.002

0.001

0.000

5411 JT Equity

JFE HOLDINGS INC

Materials

1069.00

3.27%

27.03.2013

38.68

20.87

20.94

21.09

0.217

0.014

0.024

0.044

-0.012 0.001

0.000

0.000

9042 JT Equity

HANKYU HANSHIN HOLDINGS INC

Industrials

419.00

1.19%

27.03.2014

9041 JT Equity

KINTETSU CORP

Industrials

310.00

1.61%

27.03.2014

9007 JT Equity

ODAKYU ELECTRIC RAILWAY CO

Industrials

823.00

0.91%

26.09.2013

3407 JT Equity

ASAHI KASEI CORP

Materials

427.00

3.51%

26.09.2013

20.47

29.52

29.67

30.34

0.078

0.077

0.093

0.140

6367 JT Equity

DAIKIN INDUSTRIES LTD

Industrials

2030.00

1.82%

27.03.2013

32.64

30.99

30.40

30.16

-0.214 -0.094 -0.080 -0.032

0.002

0.001

0.000 -0.001

9503 JT Equity

KANSAI ELECTRIC POWER CO INC

Utilities

628.00

9.55%

27.03.2013

44.84

19.59

19.75

22.35

0.183

0.673

-0.014 0.007

0.004 -0.004

7202 JT Equity

ISUZU MOTORS LTD

Consumer Discretionary

401.00

2.00%

26.09.2013

34.55

28.90

29.04

29.46

-0.095 -0.109 -0.108 -0.103

-0.006 0.002

0.001

0.001

8113 JT Equity

UNICHARM CORP

Consumer Staples

4355.00

0.78%

26.09.2013

20.43

20.25

20.24

20.25

0.005

0.004

0.005

0.009

0.000

0.000

0.000

0.000

1928 JT Equity

SEKISUI HOUSE LTD

Consumer Discretionary

792.00

3.16%

29.07.2013

16.91

19.20

19.10

19.28

-0.111 0.051

0.091

0.171

0.013

0.004

0.002 -0.002

9064 JT Equity

YAMATO HOLDINGS CO LTD

Industrials

1225.00

1.80%

26.09.2013

16.30

19.74

19.70

19.72

-0.048 0.021

0.027

0.042

0.019

0.000

0.000 -0.001

4528 JT Equity

ONO PHARMACEUTICAL CO LTD

Health Care

4685.00

3.84%

26.09.2013

5938 JT Equity

LIXIL GROUP CORP

Industrials

1728.00

2.31%

26.09.2013

21.12

19.88

19.98

20.37

0.107

0.025

0.044

0.005

0.001

0.001 -0.001

9001 JT Equity

TOBU RAILWAY CO LTD

Industrials

414.00

1.21%

26.09.2013

4543 JT Equity

TERUMO CORP

Health Care

3275.00

1.22%

26.09.2013

25.54

24.90

24.86

25.28

-0.124 -0.129 -0.108 -0.040

0.003

0.004

0.004

0.002

8332 JT Equity

BANK OF YOKOHAMA LTD/THE

Financials

369.00

2.71%

26.09.2013

8355 JT Equity

SHIZUOKA BANK LTD/THE

Financials

795.00

1.70%

26.09.2013

9005 JT Equity

TOKYU CORP

Industrials

389.00

1.67%

26.09.2013

18.73

18.54

18.49

18.48

-0.183 -0.080 -0.049 0.008

0.010

0.004

0.003

0.000

2267 JT Equity

YAKULT HONSHA CO LTD

Consumer Staples

3670.00

0.64%

26.09.2013

7270 JT Equity

FUJI HEAVY INDUSTRIES LTD

Consumer Discretionary

694.00

1.30%

26.09.2013

7752 JT Equity

RICOH CO LTD

Information Technology

713.00

4.14%

26.09.2013

43.54

44.24

44.39

45.13

0.224

0.307

0.309

0.318

0.003 -0.005 -0.005 -0.006

7309 JT Equity

SHIMANO INC

Consumer Discretionary

5180.00

0.24%

26.06.2013

4689 JT Equity

YAHOO JAPAN CORP

Information Technology

28740.00

1.22%

27.03.2013

24.13

26.63

26.63

26.92

0.093

0.051

0.058

0.070

0.003

4507 JT Equity

SHIONOGI & CO LTD

Health Care

1255.00

3.43%

26.09.2013

6201 JT Equity

TOYOTA INDUSTRIES CORP

Consumer Discretionary

2240.00

2.46%

26.09.2013

6586 JT Equity

MAKITA CORP

Industrials

3105.00

1.22%

27.03.2013

4519 JT Equity

CHUGAI PHARMACEUTICAL CO LTD

Health Care

1626.00

2.58%

26.06.2013

20.76

23.55

23.80

23.72

-0.022 -0.108 -0.092 -0.070

0.005 -0.004 -0.005 -0.006

4188 JT Equity

MITSUBISHI CHEMICAL HOLDINGS

Materials

299.00

3.68%

26.09.2013

30.57

30.89

30.97

31.63

0.000

0.140

0.151

0.179

0.006 -0.002 -0.002 -0.003

7259 JT Equity

AISIN SEIKI CO LTD

Consumer Discretionary

2281.00

2.41%

26.09.2013

31.43

32.95

33.02

33.48

0.077

0.156

0.165

0.192

0.002 -0.001 -0.001 -0.001

9006 JT Equity

KEIKYU CORP

Industrials

730.00

0.82%

26.09.2013

8015 JT Equity

TOYOTA TSUSHO CORP

Industrials

1677.00

2.92%

26.09.2013

2651 JT Equity

LAWSON INC

Consumer Staples

5730.00

3.40%

28.08.2013

23.00

21.95

21.88

22.08

0.023 -0.007 -0.004 0.003

0.001

0.000

0.000

0.000

6701 JT Equity

NEC CORP

Information Technology

128.00

3.13%

27.03.2014

33.79

28.08

28.01

28.35

-0.038 0.253

0.255

0.265

0.013

0.007

0.007

0.007

6645 JT Equity

OMRON CORP

Information Technology

1571.00

2.48%

27.03.2013

8331 JT Equity

CHIBA BANK LTD/THE

Financials

459.00

2.40%

26.09.2013

4324 JT Equity

DENTSU INC

Consumer Discretionary

1818.00

1.71%

26.09.2013

30.01

25.07

24.94

24.96

0.045

0.070

0.089

-0.004 -0.003 -0.003 -0.001

4911 JT Equity 7733 JT Equity

SHISEIDO CO LTD OLYMPUS CORP

Consumer Staples Health Care

977.00 1406.00

5.12%

26.09.2013 27.03.2014

24.62 32.65

22.22 26.04

21.80 26.04

22.29 26.18

-0.037 -0.052 -0.040 -0.012 0.028 -0.028 -0.032 -0.039

0.005 -0.001 0.000 0.000 -0.008 -0.001 -0.001 -0.001

1529.00

0.136

0.002

-0.003 0.005

0.003 -0.001

-0.145 -0.026 -0.017 -0.001

0.030

0.003

0.002

0.001

-0.044 0.001

-0.015 0.001

0.001

0.000

0.014

0.012

0.001

0.115

0.003

0.226

0.004

0.512

0.091

0.595

0.014

0.069

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.011

0.005

0.005

0.005

0.035

0.099

0.660

0.026

0.012

0.013

0.009

0.017

0.008

0.002 0.001

0.000

0.000

0.000

0.000

0.000

0.000

0.000 -0.001 0.001 -0.001 0.001

0.000

0.000

0.000

0.000

0.000

0.000 0.000

0.000

0.000 0.000

0.000

0.000 -0.001 -0.001

0.000 -0.001 -0.001

0.000

0.005 -0.001 -0.001 -0.001

0.010 -0.005 -0.004 -0.003

0.000

0.000

0.000


16.10.2012

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

At The Money Implied Volatilities by Terms

TOPIX 1000 Index - TPX1000

Ticker 9008 JT Equity 9506 JT Equity 9831 JT Equity 6460 JT Equity 7912 JT Equity 3099 JT Equity 6806 JT Equity 6762 JT Equity 4581 JT Equity 7211 JT Equity 9613 JT Equity 4902 JT Equity 3405 JT Equity 5711 JT Equity 9508 JT Equity 4005 JT Equity 8253 JT Equity 8333 JT Equity 9504 JT Equity 9843 JT Equity 4530 JT Equity 4204 JT Equity 2897 JT Equity 7832 JT Equity 8729 JT Equity 7911 JT Equity 7262 JT Equity 9513 JT Equity 6869 JT Equity 6963 JT Equity 9533 JT Equity 7261 JT Equity 7013 JT Equity 8354 JT Equity 1801 JT Equity 4185 JT Equity 2269 JT Equity 2432 JT Equity 4536 JT Equity 9101 JT Equity 5333 JT Equity 1802 JT Equity 7012 JT Equity 4508 JT Equity 9062 JT Equity 9783 JT Equity 4676 JT Equity 4151 JT Equity 8369 JT Equity 7272 JT Equity 1812 JT Equity 8028 JT Equity 5012 JT Equity 4732 JT Equity 6366 JT Equity 7459 JT Equity 9009 JT Equity 4613 JT Equity 6471 JT Equity 6965 JT Equity 7936 JT Equity 3861 JT Equity 9104 JT Equity 9501 JT Equity 6370 JT Equity 6417 JT Equity 2002 JT Equity 5233 JT Equity 3086 JT Equity 2875 JT Equity 9602 JT Equity 9987 JT Equity 2784 JT Equity 6841 JT Equity 2801 JT Equity 6448 JT Equity 8227 JT Equity 5214 JT Equity 5332 JT Equity 5947 JT Equity 4544 JT Equity 9404 JT Equity 5406 JT Equity 4307 JT Equity 8905 JT Equity 8358 JT Equity 9505 JT Equity 1803 JT Equity 5019 JT Equity 8593 JT Equity 6481 JT Equity 2282 JT Equity 8303 JT Equity 8410 JT Equity 4704 JT Equity 8815 JT Equity 8334 JT Equity 9045 JT Equity 4088 JT Equity 8382 JT Equity 7205 JT Equity 2212 JT Equity 8377 JT Equity 9507 JT Equity 3659 JT Equity 4004 JT Equity 9766 JT Equity 8379 JT Equity 3401 JT Equity 5334 JT Equity 4208 JT Equity 6302 JT Equity 6923 JT Equity 7532 JT Equity 8359 JT Equity 5110 JT Equity 3632 JT Equity 2809 JT Equity 2811 JT Equity 9048 JT Equity 4021 JT Equity 9044 JT Equity 4182 JT Equity 5631 JT Equity 9364 JT Equity 6753 JT Equity

Name KEIO CORP TOHOKU ELECTRIC POWER CO INC YAMADA DENKI CO LTD SEGA SAMMY HOLDINGS INC DAI NIPPON PRINTING CO LTD ISETAN MITSUKOSHI HOLDINGS L HIROSE ELECTRIC CO LTD TDK CORP TAISHO PHARMACEUTICAL HOLDIN MITSUBISHI MOTORS CORP NTT DATA CORP KONICA MINOLTA HOLDINGS INC KURARAY CO LTD MITSUBISHI MATERIALS CORP KYUSHU ELECTRIC POWER CO INC SUMITOMO CHEMICAL CO LTD CREDIT SAISON CO LTD JOYO BANK LTD/THE CHUGOKU ELECTRIC POWER CO NITORI HOLDINGS CO LTD HISAMITSU PHARMACEUTICAL CO SEKISUI CHEMICAL CO LTD NISSIN FOODS HOLDINGS CO LTD NAMCO BANDAI HOLDINGS INC SONY FINANCIAL HOLDINGS INC TOPPAN PRINTING CO LTD DAIHATSU MOTOR CO LTD ELECTRIC POWER DEVELOPMENT C SYSMEX CORP ROHM CO LTD TOHO GAS CO LTD MAZDA MOTOR CORP IHI CORP FUKUOKA FINANCIAL GROUP INC TAISEI CORP JSR CORP MEIJI HOLDINGS CO LTD DENA CO LTD SANTEN PHARMACEUTICAL CO LTD NIPPON YUSEN NGK INSULATORS LTD OBAYASHI CORP KAWASAKI HEAVY INDUSTRIES MITSUBISHI TANABE PHARMA NIPPON EXPRESS CO LTD BENESSE HOLDINGS INC FUJI MEDIA HOLDINGS INC KYOWA HAKKO KIRIN CO LTD BANK OF KYOTO LTD/THE YAMAHA MOTOR CO LTD KAJIMA CORP FAMILYMART CO LTD TONENGENERAL SEKIYU KK USS CO LTD CHIYODA CORP MEDIPAL HOLDINGS CORP KEISEI ELECTRIC RAILWAY CO KANSAI PAINT CO LTD NSK LTD HAMAMATSU PHOTONICS KK ASICS CORP OJI HOLDINGS CORP MITSUI OSK LINES LTD TOKYO ELECTRIC POWER CO INC KURITA WATER INDUSTRIES LTD SANKYO CO LTD NISSHIN SEIFUN GROUP INC TAIHEIYO CEMENT CORP J FRONT RETAILING CO LTD TOYO SUISAN KAISHA LTD TOHO CO LTD SUZUKEN CO LTD ALFRESA HOLDINGS CORP YOKOGAWA ELECTRIC CORP KIKKOMAN CORP BROTHER INDUSTRIES LTD SHIMAMURA CO LTD NIPPON ELECTRIC GLASS CO LTD TOTO LTD RINNAI CORP MIRACA HOLDINGS INC NIPPON TELEVISION HOLDINGS KOBE STEEL LTD NOMURA RESEARCH INSTITUTE LT AEON MALL CO LTD SURUGA BANK LTD HOKURIKU ELECTRIC POWER CO SHIMIZU CORP IDEMITSU KOSAN CO LTD MITSUBISHI UFJ LEASE & FINAN THK CO LTD NIPPON MEAT PACKERS INC SHINSEI BANK LTD SEVEN BANK LTD TREND MICRO INC TOKYU LAND CORP GUNMA BANK LTD/THE KEIHAN ELECTRIC RAILWAY CO AIR WATER INC CHUGOKU BANK LTD/THE HINO MOTORS LTD YAMAZAKI BAKING CO LTD HOKUHOKU FINANCIAL GROUP INC SHIKOKU ELECTRIC POWER CO NEXON CO LTD SHOWA DENKO K K KONAMI CORP HIROSHIMA BANK LTD/THE TEIJIN LTD NGK SPARK PLUG CO LTD UBE INDUSTRIES LTD SUMITOMO HEAVY INDUSTRIES STANLEY ELECTRIC CO LTD DON QUIJOTE CO LTD HACHIJUNI BANK LTD/THE SUMITOMO RUBBER INDUSTRIES GREE INC KEWPIE CORP KAGOME CO LTD NAGOYA RAILROAD CO LTD NISSAN CHEMICAL INDUSTRIES NANKAI ELECTRIC RAILWAY CO MITSUBISHI GAS CHEMICAL CO JAPAN STEEL WORKS LTD KAMIGUMI CO LTD SHARP CORP

GICS_SECTOR_NAME Industrials Utilities Consumer Discretionary Consumer Discretionary Industrials Consumer Discretionary Information Technology Information Technology Health Care Consumer Discretionary Information Technology Information Technology Materials Materials Utilities Materials Financials Financials Utilities Consumer Discretionary Health Care Consumer Discretionary Consumer Staples Consumer Discretionary Financials Industrials Consumer Discretionary Utilities Health Care Information Technology Utilities Consumer Discretionary Industrials Financials Industrials Materials Consumer Staples Information Technology Health Care Industrials Industrials Industrials Industrials Health Care Industrials Consumer Discretionary Consumer Discretionary Health Care Financials Consumer Discretionary Industrials Consumer Staples Energy Consumer Discretionary Industrials Health Care Industrials Materials Industrials Information Technology Consumer Discretionary Materials Industrials Utilities Industrials Consumer Discretionary Consumer Staples Materials Consumer Discretionary Consumer Staples Consumer Discretionary Health Care Health Care Information Technology Consumer Staples Information Technology Consumer Discretionary Information Technology Industrials Consumer Discretionary Health Care Consumer Discretionary Materials Information Technology Financials Financials Utilities Industrials Energy Financials Industrials Consumer Staples Financials Financials Information Technology Financials Financials Industrials Materials Financials Industrials Consumer Staples Financials Utilities Information Technology Materials Information Technology Financials Materials Consumer Discretionary Materials Industrials Consumer Discretionary Consumer Discretionary Financials Consumer Discretionary Information Technology Consumer Staples Consumer Staples Industrials Materials Industrials Materials Industrials Industrials Consumer Discretionary

ATM Ref 591.00 647.00 3335.00 1481.00 522.00 795.00 8950.00 2974.00 6120.00 68.00 248800.00 568.00 901.00 229.00 674.00 205.00 1795.00 373.00 984.00 6950.00 4115.00 614.00 3015.00 1272.00 1381.00 427.00 1386.00 2066.00 3640.00 2595.00 502.00 94.00 183.00 311.00 219.00 1281.00 3680.00 2596.00 3445.00 153.00 883.00 357.00 163.00 1125.00 297.00 3695.00 114000.00 928.00 652.00 756.00 216.00 3725.00 707.00 7960.00 1218.00 1012.00 665.00 879.00 468.00 2655.00 1107.00 222.00 195.00 127.00 1754.00 3340.00 988.00 163.00 423.00 2036.00 1381.00 2552.00 3625.00 889.00 1052.00 734.00 8180.00 465.00 578.00 5510.00 3365.00 1040.00 62.00 1598.00 1982.00 921.00 901.00 256.00 7040.00 3485.00 1300.00 1004.00 111.00 229.00 2158.00 425.00 374.00 371.00 959.00 1074.00 570.00 990.00 117.00 895.00 988.00 121.00 1765.00 270.00 183.00 862.00 176.00 289.00 1152.00 2915.00 413.00 917.00 1470.00 1308.00 1719.00 212.00 920.00 350.00 398.00 443.00 642.00 147.00

Dividend Yield

Next ExDividend Date

1.02% 4.64% 2.28% 3.38% 6.13% 1.26% 1.62% 3.36% 1.96%

26.09.2013 27.03.2013 27.03.2014 26.09.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013

2.61% 2.64% 4.00% 1.75% 8.90% 4.39% 1.67% 2.28% 5.08% 1.22% 1.75% 2.93% 2.32% 1.89% 1.45% 4.68% 2.53% 3.39% 0.67% 3.08% 1.69%

2.28% 4.64% 2.02% 2.45% 1.89% 1.96% 0.72% 2.00% 2.57% 1.12% 1.43% 3.27% 1.69% 3.01% 1.90% 1.05% 2.20% 2.79% 7.26% 3.25% 1.11% 1.41% 5.55% 2.73% 2.49% 1.69% 1.77% 1.69% 0.90% 2.55% 3.99% 1.76% 2.41% 1.35% 2.29% 1.23% 1.75% 1.62% 3.21% 6.70%

26.09.2013 26.09.2013 26.09.2013 27.03.2014 27.03.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 16.08.2013 28.08.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2013 26.09.2013 27.03.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.06.2013 26.09.2013 26.06.2013 26.09.2013 28.08.2013 26.06.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2013 27.03.2014 26.09.2013 27.03.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.09.2013 28.08.2013 26.09.2013 28.08.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 26.09.2013 16.08.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2013 26.09.2013 28.08.2013 26.09.2013 27.03.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 27.03.2014 26.09.2013 26.12.2012 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.12.2013 27.03.2014 27.03.2013

2.48% 2.83% 2.04% 3.28% 2.55% 2.84% 3.11% 2.34% 1.06% 1.69% 2.29% 2.18% 1.57% 1.05% 0.94% 2.61% 1.43% 3.02% 2.48% 1.40% 3.40%

26.12.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 26.12.2013 26.09.2013 26.06.2013 26.06.2013 29.05.2013 27.03.2014 27.03.2014 26.09.2013 27.03.2014 26.09.2013 26.09.2013 27.03.2014 26.09.2013

2.19% 2.57% 2.51% 2.58% 2.17% 1.54% 2.90% 2.61% 2.38% 2.24% 3.07% 3.11% 3.37% 2.64% 4.12% 2.16% 1.53% 1.32% 2.78% 2.68% 5.37% 3.41% 1.44% 1.78% 0.75% 1.25% 2.56% 1.62% 1.08% 4.50% 2.82%

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 46.97 36.82

46.51 38.71

46.46 38.94

46.33 40.04

-0.006 0.000 -0.005 0.095

24.02

24.38

24.30

24.62

0.013 -0.091 -0.076 -0.025

0.006

26.46 35.64

26.20 31.20

26.14 31.09

26.16 31.48

0.002 0.052

0.003 0.057

0.005 0.056

0.010 0.059

0.000 0.000 0.000 0.000 -0.004 -0.002 -0.002 -0.001

14.54 34.35 24.69 41.17 47.15 41.49 25.24

33.79 36.48 23.48 33.77 17.55 32.79 26.01

33.84 36.48 23.34 33.87 17.67 32.85 26.41

34.40 36.85 23.88 34.40 17.89 33.25 27.04

-0.017 0.035 -0.093 -0.060 0.054 -0.161 0.011

-0.005 0.066 -0.110 -0.020 0.592 0.007 -0.036

0.001 0.075 -0.091 -0.018 0.662 0.010 -0.023

0.013 0.099 -0.032 -0.009 0.887 0.014 0.006

0.029 0.003 0.006 -0.007 -0.023 -0.002 0.003

54.35

26.15

25.76

25.49

0.349

0.421

0.477

0.608

-0.025 -0.004 -0.006 -0.010

25.44

25.13

25.10

25.40

-0.013 0.009

0.009

0.010

0.008

39.04

26.99

27.03

27.29

-0.079 0.087

0.092

0.103

-0.010 -0.001 -0.001 -0.002

40.59 33.31

35.25 43.72

35.50 43.92

35.98 45.33

0.150 0.110

0.017 -0.001 0.055 0.061

0.008 0.022

0.003 0.000

0.002 0.000 0.000 -0.001

19.52

21.96

21.95

22.08

-0.106 -0.015 -0.009 0.006

0.027

0.005

0.004

59.08

58.43

58.35

58.76

0.004

0.006

0.007

0.018

0.000

0.000

0.000

0.000

44.37 33.40 19.65 36.56

32.86 33.24 20.98 33.14

33.13 32.92 20.90 33.05

33.88 32.43 20.97 33.51

0.108 -0.034 -0.157 -0.001

0.304 -0.022 -0.034 0.282

0.329 -0.025 -0.019 0.287

0.390 -0.015 0.013 0.306

-0.014 0.001 0.018 0.006

-0.009 0.000 0.004 0.002

-0.010 -0.001 0.002 0.002

-0.014 -0.001 0.000 0.002

17.31

20.12

20.13

20.38

-0.145 -0.057 -0.038 0.004

0.029

0.007

0.005

0.000

33.34

19.46

19.39

19.49

0.160 -0.043 -0.042 -0.038

-0.026 0.000

0.000

0.000

29.17 20.65 20.37

34.36 20.42 20.05

34.45 20.24 20.36

34.85 20.22 19.90

-0.088 0.011 0.015 0.027 0.002 0.005 0.007 0.012 -0.238 -0.035 -0.021 0.006

0.020 0.000 0.011

0.000 0.000 0.003

0.000 -0.001 0.000 0.000 0.002 0.000

36.63

36.21

36.13

36.24

-0.012 0.003

0.000

0.000

0.000

0.000

27.01 48.78 20.84

17.12 26.35 21.54

17.17 26.00 21.49

17.48 25.36 21.49

-0.186 -0.080 -0.050 0.003 -0.156 0.252 0.270 0.346 0.214 0.196 0.243 0.329

0.016 0.013 -0.021 0.001 0.041 0.016

0.008 0.000 0.014

0.000 0.000 0.010

19.63

17.88

17.96

18.44

0.015 -0.064 -0.054 -0.020

0.011

0.003

0.003

0.001

50.91

47.39

47.48

48.31

-0.049 -0.035 -0.024 -0.002

-0.002 0.000

0.000

0.000

29.69 44.72 18.54

28.35 35.03 32.21

28.97 36.20 32.39

30.42 39.07 33.11

0.205 0.160 -0.021 0.565 0.006 0.020

-0.007 -0.016 -0.018 -0.020 0.020 0.014 0.011 0.006 0.010 -0.002 -0.002 -0.002

23.40

23.01

22.99

23.04

-0.105 -0.032 -0.018 0.009

0.020

0.003

0.002

0.000

31.09

22.13

22.78

22.27

-0.069 0.000

0.003

0.010

-0.007 0.000

0.000

0.000

32.98

44.86

44.91

45.63

-0.043 0.012

0.017

0.028

0.016 -0.001 -0.001 -0.001

34.09

35.30

35.44

36.02

0.044 -0.012 -0.006 0.006

0.000

0.001

0.000

0.000

61.00

60.41

60.29

59.99

0.005

0.005

0.007

0.011

0.000

0.000

0.000

0.000

0.028 0.052

0.003 0.097

0.006

0.168 0.588 0.017

0.011 0.109

0.010

0.186 0.696 0.017

0.001 0.000 0.000 0.000 0.002 -0.002 -0.002 -0.002 0.001

0.000 -0.002 0.001 0.001 0.009 0.001 0.001

0.000

0.001

0.000 -0.002 0.001 0.001 0.006 0.000 0.001

0.000

0.000

0.000 -0.003 0.001 0.001 -0.001 0.000 0.000

0.000

0.001

33.21

27.77

27.77

28.07

0.171

0.238

0.272

0.334

-0.006 -0.004 -0.003 -0.003

77.02

125.04

124.09

122.71

1.140

1.651

2.097

2.923

0.001 -0.134 -0.121 -0.098

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |


16.10.2012

TOPIX 1000 Index - TPX1000

Ticker

Name

GICS_SECTOR_NAME

ATM2 Ref

Dividend Yield

Next ExDividend Date

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

8252 JT Equity

MARUI GROUP CO LTD

Consumer Discretionary

551.00

3.09%

26.09.2013

22.52

24.82

24.85

25.18

0.042

0.002

0.006

0.015

6305 JT Equity

HITACHI CONSTRUCTION MACHINE

Industrials

1313.00

2.74%

26.09.2013

33.80

52.87

52.99

53.78

0.104

0.001

0.011

0.032

0.031 -0.001 -0.001 0.000

6857 JT Equity

ADVANTEST CORP

Information Technology

939.00

2.40%

26.09.2013

53.69

47.37

47.65

48.43

0.061

0.115

0.118

0.131

-0.017 -0.003 -0.003 -0.003

0.010

0.000

4183 JT Equity

MITSUI CHEMICALS INC

Materials

156.00

3.85%

26.09.2013

40.87

40.28

40.12

40.31

-0.010 0.006

0.010

0.011

0.004

4540 JT Equity

TSUMURA & CO

Health Care

2425.00

2.39%

26.09.2013

4062 JT Equity

IBIDEN CO LTD

Information Technology

1055.00

3.32%

27.03.2013

43.02

56.96

57.12

57.86

-0.442 -0.334 -0.330 -0.330

0.002 -0.002 -0.002 -0.002

8304 JT Equity

AOZORA BANK LTD

Financials

225.00

3.56%

27.03.2013

4716 JT Equity

ORACLE CORP JAPAN

Information Technology

3505.00

2.48%

28.05.2014

21.41

21.21

21.18

20.94

0.036

0.000

0.002

0.011

0.002

0.000

0.000

0.000

8233 JT Equity

TAKASHIMAYA CO LTD

Consumer Discretionary

516.00

1.94%

28.08.2013

9962 JT Equity

MISUMI GROUP INC

Industrials

1878.00

1.35%

26.09.2013

8570 JT Equity

AEON CREDIT SERVICE CO LTD

Financials

1698.00

2.36%

28.08.2013

4666 JT Equity

PARK24 CO LTD

Industrials

1319.00

2.27%

29.10.2013

3231 JT Equity

NOMURA REAL ESTATE HOLDINGS

Financials

1430.00

1.92%

26.09.2013

9301 JT Equity

MITSUBISHI LOGISTICS CORP

Industrials

950.00

1.26%

26.09.2013

26.54

26.34

26.31

26.34

0.002

0.002

0.004

0.009

0.001

0.000

0.000

0.000

5714 JT Equity

DOWA HOLDINGS CO LTD

Materials

538.00

1.86%

27.03.2014

6674 JT Equity

GS YUASA CORP

Industrials

347.00

2.31%

27.03.2014

29.67

29.35

29.30

29.61

-0.121 0.012

0.011

0.008

0.006 -0.001 -0.001 0.000

6268 JT Equity

NABTESCO CORP

Industrials

1525.00

2.49%

26.09.2013

9509 JT Equity

HOKKAIDO ELECTRIC POWER CO

Utilities

713.00

7.01%

27.03.2013

8385 JT Equity

IYO BANK LTD/THE

Financials

623.00

1.36%

26.09.2013

3003 JT Equity

HULIC CO LTD

Financials

563.00

1.24%

26.06.2013

5101 JT Equity

YOKOHAMA RUBBER CO LTD

Consumer Discretionary

559.00

2.86%

26.06.2013

2768 JT Equity

SOJITZ CORP

Industrials

98.00

4.08%

26.09.2013

29.92

26.91

27.03

27.63

-0.154 -0.288 -0.313 -0.368

0.022

0.012

0.011

0.008

8136 JT Equity

SANRIO CO LTD

Consumer Discretionary

2589.00

1.54%

26.09.2013

6506 JT Equity

YASKAWA ELECTRIC CORP

Information Technology

546.00

2.01%

18.09.2013

7701 JT Equity

SHIMADZU CORP

Information Technology

533.00

1.69%

26.09.2013

4202 JT Equity

DAICEL CORP

Materials

467.00

1.93%

26.09.2013

4272 JT Equity

NIPPON KAYAKU CO LTD

Materials

858.00

2.33%

27.11.2013

4612 JT Equity

NIPPON PAINT CO LTD

Materials

638.00

1.41%

26.09.2013

4506 JT Equity

DAINIPPON SUMITOMO PHARMA CO

Health Care

843.00

2.14%

26.09.2013

8418 JT Equity

YAMAGUCHI FINANCIAL GROUP IN

Financials

633.00

1.90%

26.09.2013

2433 JT Equity

HAKUHODO DY HOLDINGS INC

Consumer Discretionary

4690.00

1.71%

26.09.2013

6473 JT Equity

JTEKT CORP

Industrials

650.00

2.46%

26.09.2013

5901 JT Equity

TOYO SEIKAN KAISHA LTD

Materials

831.00

1.20%

26.09.2013

31.10

28.41

28.23

28.46

-0.090 -0.041 -0.036 -0.015

0.001

0.001

0.002

0.001

8327 JT Equity

NISHI-NIPPON CITY BANK LTD

Financials

177.00

2.82%

26.09.2013

8804 JT Equity

TOKYO TATEMONO CO LTD

Financials

325.00

1.54%

26.12.2013

4114 JT Equity

NIPPON SHOKUBAI CO LTD

Materials

794.00

2.83%

26.09.2013

4555 JT Equity

SAWAI PHARMACEUTICAL CO LTD

Health Care

8760.00

1.60%

26.09.2013

4967 JT Equity

KOBAYASHI PHARMACEUTICAL CO

Consumer Staples

4140.00

1.84%

26.09.2013

5471 JT Equity

DAIDO STEEL CO LTD

Materials

336.00

2.38%

27.03.2013

2531 JT Equity

TAKARA HOLDINGS INC

Consumer Staples

609.00

1.48%

27.03.2014

20.94

17.15

17.16

17.43

-0.093 -0.078 -0.055 -0.010

0.018

0.007

0.004

0.000

4768 JT Equity

OTSUKA CORP

Information Technology

6510.00

2.23%

26.12.2013

1721 JT Equity

COMSYS HOLDINGS CORP

Industrials

1053.00

1.90%

26.09.2013

3591 JT Equity

WACOAL HOLDINGS CORP

Consumer Discretionary

915.00

3.06%

27.03.2014

8473 JT Equity

SBI HOLDINGS INC

Financials

545.00

1.83%

27.03.2014

40.59

22.13

21.63

26.90

-0.232 -0.439 -0.455 -0.301

-0.002 0.024

0.024

0.015

7240 JT Equity

NOK CORP

Consumer Discretionary

1175.00

1.70%

26.09.2013

5232 JT Equity

SUMITOMO OSAKA CEMENT CO LTD

Materials

267.00

1.87%

27.03.2014

4631 JT Equity

DIC CORP

Materials

139.00

4.32%

26.09.2013

38.72

39.76

39.51

39.56

-0.090 0.041

0.030

0.012

0.009 -0.003 -0.002 0.000

2229 JT Equity

CALBEE INC

Consumer Staples

6830.00

0.73%

27.03.2014

4205 JT Equity

ZEON CORP

Materials

565.00

2.12%

26.09.2013

6849 JT Equity

NIHON KOHDEN CORP

Health Care

2762.00

1.56%

26.09.2013

7951 JT Equity

YAMAHA CORP

Consumer Discretionary

747.00

1.20%

26.09.2013

4091 JT Equity

TAIYO NIPPON SANSO CORP

Materials

397.00

3.02%

26.09.2013

1662 JT Equity

JAPAN PETROLEUM EXPLORATION

Energy

3410.00

1.17%

26.09.2013

2871 JT Equity

NICHIREI CORP

Consumer Staples

433.00

2.31%

26.09.2013

4912 JT Equity

LION CORP

Consumer Staples

449.00

2.23%

26.06.2013

6361 JT Equity

EBARA CORP

Industrials

316.00

1.58%

26.09.2013

6113 JT Equity

AMADA CO LTD

Industrials

364.00

3.85%

26.09.2013

5463 JT Equity

MARUICHI STEEL TUBE LTD

Materials

1665.00

2.61%

26.09.2013

6457 JT Equity

GLORY LTD

Industrials

1789.00

2.29%

26.09.2013

6925 JT Equity

USHIO INC

Industrials

878.00

2.51%

27.03.2014

6952 JT Equity

CASIO COMPUTER CO LTD

Consumer Discretionary

559.00

3.04%

27.03.2013

32.21

32.01

32.06

32.87

0.048

0.134

0.137

0.145

0.002 -0.003 -0.003 -0.004

8036 JT Equity

HITACHI HIGH-TECHNOLOGIES CO

Information Technology

1767.00

1.41%

26.09.2013

6754 JT Equity

ANRITSU CORP

Information Technology

993.00

1.26%

26.09.2013

7453 JT Equity

RYOHIN KEIKAKU CO LTD

Consumer Discretionary

5050.00

2.28%

28.08.2013

6592 JT Equity

MABUCHI MOTOR CO LTD

Industrials

3545.00

1.69%

26.06.2013

25.45

25.18

25.34

24.97

0.006

0.003

0.005

0.011

0.000

0.000

0.000

0.000

5444 JT Equity

YAMATO KOGYO CO LTD

Materials

2199.00

1.36%

26.09.2013

4061 JT Equity

DENKI KAGAKU KOGYO K K

Materials

249.00

4.02%

26.09.2013

5801 JT Equity

FURUKAWA ELECTRIC CO LTD

Industrials

158.00

4.11%

26.09.2013

35.03

31.99

31.88

32.04

0.040

0.124

0.133

0.156

0.009

0.005

0.005

0.005

9989 JT Equity

SUNDRUG CO LTD

Consumer Staples

2768.00

1.45%

26.09.2013

4118 JT Equity

KANEKA CORP

Materials

395.00

4.05%

26.09.2013

8129 JT Equity

TOHO HOLDINGS CO LTD

Health Care

1626.00

0.98%

26.09.2013

1911 JT Equity

SUMITOMO FORESTRY CO LTD

Consumer Discretionary

666.00

2.25%

26.09.2013

2810 JT Equity

HOUSE FOODS CORPORATION

Consumer Staples

1281.00

2.34%

26.09.2013

9601 JT Equity

SHOCHIKU CO LTD

Consumer Discretionary

775.00

0.39%

26.02.2014

4527 JT Equity

ROHTO PHARMACEUTICAL CO LTD

Health Care

1131.00

1.41%

26.09.2013

7649 JT Equity

SUGI HOLDINGS CO LTD

Consumer Staples

2798.00

0.89%

28.08.2013

4684 JT Equity

OBIC CO LTD

Information Technology

16000.00

2.50%

26.09.2013

6504 JT Equity

FUJI ELECTRIC CO LTD

Industrials

164.00

1.22%

27.03.2013

5991 JT Equity

NHK SPRING CO LTD

Consumer Discretionary

652.00

2.30%

27.03.2013

8282 JT Equity

K'S HOLDINGS CORP

Consumer Discretionary

1974.00

3.04%

26.09.2013

6465 JT Equity

HOSHIZAKI ELECTRIC CO LTD

Industrials

2213.00

1.36%

26.12.2013

2579 JT Equity

COCA-COLA WEST CO LTD

Consumer Staples

1269.00

3.23%

26.06.2013

4521 JT Equity

KAKEN PHARMACEUTICAL CO LTD

Health Care

1168.00

3.60%

26.09.2013

5486 JT Equity

HITACHI METALS LTD

Materials

703.00

1.85%

26.09.2013

2593 JT Equity

ITO EN LTD

Consumer Staples

1534.00

2.48%

29.10.2013

4217 JT Equity

HITACHI CHEMICAL CO LTD

Materials

1052.00

3.52%

26.09.2013

8270 JT Equity

UNY CO LTD

Consumer Staples

555.00

3.60%

16.08.2013

5706 JT Equity

MITSUI MINING & SMELTING CO

Materials

166.00

1.81%

27.03.2013

39.49

39.37

39.25

39.42

-0.044 0.035

0.027

0.012

0.004 -0.001 -0.001 0.000

8012 JT Equity

NAGASE & CO LTD

Industrials

845.00

2.96%

26.09.2013

8341 JT Equity

77 BANK LTD/THE

Financials

302.00

2.32%

26.09.2013

4665 JT Equity

DUSKIN CO LTD

Industrials

1513.00

2.64%

26.09.2013

3391 JT Equity

TSURUHA HOLDINGS INC

Consumer Staples

5730.00

1.75%

13.11.2013

8273 JT Equity

IZUMI CO LTD

Consumer Discretionary

1907.00

1.57%

28.08.2013

2670 JT Equity

ABC-MART INC

Consumer Discretionary

3320.00

1.45%

28.08.2013

7276 JT Equity

KOITO MANUFACTURING CO LTD

Consumer Discretionary

930.00

2.80%

27.03.2013

6136 JT Equity

OSG CORP

Industrials

1078.00

2.32%

29.05.2013

8366 JT Equity

SHIGA BANK LTD/THE

Financials

491.00

1.22%

26.09.2013

2371 JT Equity

KAKAKU.COM INC

Information Technology

2795.00

0.89%

27.03.2013

7762 JT Equity

CITIZEN HOLDINGS CO LTD

Information Technology

379.00

2.51%

26.09.2013

4739 JT Equity

ITOCHU TECHNO-SOLUTIONS CORP

Information Technology

3885.00

2.57%

26.09.2013

25.66

25.42

25.39

25.53

-0.002 0.004

0.005

0.010

0.000

0.000

0.000

8572 JT Equity

ACOM CO LTD

Financials

2258.00

4042 JT Equity

TOSOH CORP

Materials

159.00

3.77%

26.09.2013

4569 JT Equity

KYORIN HOLDINGS INC

Health Care

1724.00

2.90%

26.09.2013

8242 JT Equity

H2O RETAILING CORP

Consumer Discretionary

855.00

1.46%

26.09.2013

7282 JT Equity

TOYODA GOSEI CO LTD

Consumer Discretionary

1553.00

2.45%

26.09.2013

6856 JT Equity

HORIBA LTD

Information Technology

2195.00

1.41%

26.06.2013

3893 JT Equity

NIPPON PAPER GROUP INC

Materials

860.00

8.14%

26.09.2013

35.80

35.37

35.38

35.83

0.003

0.007

0.118

0.000

0.000

0.000 -0.003

9031 JT Equity

NISHI-NIPPON RAILROAD CO LTD

Industrials

335.00

1.79%

26.09.2013

9401 JT Equity

TOKYO BROADCASTING SYSTEM

Consumer Discretionary

729.00

1.85%

26.09.2013

8415 JT Equity

KIYO HOLDINGS INC

Financials

109.00

2.75%

27.03.2014

2331 JT Equity

SOHGO SECURITY SERVICES CO

Industrials

1125.00

1.87%

26.09.2013

8219 JT Equity

AOYAMA TRADING CO LTD

Consumer Discretionary

1548.00

2.58%

26.09.2013

5002 JT Equity

SHOWA SHELL SEKIYU KK

Energy

449.00

4.01%

26.06.2013

9003 JT Equity

SOTETSU HOLDINGS INC

Industrials

262.00

1.91%

26.09.2013

2501 JT Equity

SAPPORO HOLDINGS LTD

Consumer Staples

228.00

3.07%

26.12.2013

5007 JT Equity

COSMO OIL COMPANY LTD

Energy

144.00

5.56%

27.03.2014

8388 JT Equity

AWA BANK LTD/THE

Financials

480.00

1.46%

26.09.2013

7988 JT Equity

NIFCO INC

Consumer Discretionary

1746.00

3.04%

26.09.2013

6845 JT Equity

AZBIL CORP

Information Technology

1578.00

4.06%

26.09.2013

8439 JT Equity

CENTURY TOKYO LEASING CORP

Financials

1518.00

2.77%

26.09.2013

4045 JT Equity

TOAGOSEI CO LTD

Materials

322.00

3.11%

26.06.2013

7518 JT Equity

NET ONE SYSTEMS CO LTD

Information Technology

877.00

2.62%

26.09.2013

7735 JT Equity 8714 JT Equity

DAINIPPON SCREEN MFG CO LTD SENSHU IKEDA HOLDINGS INC

Information Technology Financials

408.00 474.00

1.23% 3.16%

27.03.2014 27.03.2014

0.000

0.000

0.000

0.000

0.000

0.000

27.03.2014

0.005

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |


16.10.2012

TOPIX 1000 Index - TPX1000

Ticker 8016 JT Equity 3101 JT Equity 6479 JT Equity 6146 JT Equity 8933 JT Equity 5803 JT Equity 2413 JT Equity 9107 JT Equity 4206 JT Equity 9435 JT Equity 8130 JT Equity 6727 JT Equity 7003 JT Equity 8336 JT Equity 9832 JT Equity 2206 JT Equity 1944 JT Equity 8184 JT Equity 7550 JT Equity 8394 JT Equity 9076 JT Equity 9684 JT Equity 8361 JT Equity 1808 JT Equity 8367 JT Equity 7004 JT Equity 4534 JT Equity 8060 JT Equity 3436 JT Equity 3088 JT Equity 6472 JT Equity 9065 JT Equity 3105 JT Equity 7984 JT Equity 8386 JT Equity 3360 JT Equity 3349 JT Equity 8363 JT Equity 8356 JT Equity 6770 JT Equity 1883 JT Equity 8324 JT Equity 2270 JT Equity 1951 JT Equity 6724 JT Equity 8390 JT Equity 3789 JT Equity 8088 JT Equity 8381 JT Equity 5929 JT Equity 4186 JT Equity 4927 JT Equity 9427 JT Equity 6703 JT Equity 7956 JT Equity 4922 JT Equity 4403 JT Equity 9747 JT Equity 8368 JT Equity 8840 JT Equity 6395 JT Equity 6103 JT Equity 8616 JT Equity 6376 JT Equity 1979 JT Equity 9627 JT Equity 9072 JT Equity 6976 JT Equity 8628 JT Equity 2607 JT Equity 3626 JT Equity 5949 JT Equity 6141 JT Equity 8544 JT Equity 9697 JT Equity 5202 JT Equity 8586 JT Equity 4401 JT Equity 3116 JT Equity 7981 JT Equity 4095 JT Equity 9706 JT Equity 8086 JT Equity 4634 JT Equity 1334 JT Equity 3941 JT Equity 6005 JT Equity 4541 JT Equity 7860 JT Equity 9719 JT Equity 9744 JT Equity 7947 JT Equity 8185 JT Equity 9412 JT Equity 6412 JT Equity 8585 JT Equity 8524 JT Equity 1860 JT Equity 9861 JT Equity 3050 JT Equity 8078 JT Equity 5943 JT Equity 6508 JT Equity 7966 JT Equity 8425 JT Equity 7313 JT Equity 4553 JT Equity 9086 JT Equity 1414 JT Equity 8218 JT Equity 9409 JT Equity 3098 JT Equity 4043 JT Equity 3593 JT Equity 9075 JT Equity 8397 JT Equity 4547 JT Equity 6773 JT Equity 4203 JT Equity 2264 JT Equity 9956 JT Equity 7312 JT Equity 1833 JT Equity 1893 JT Equity 8345 JT Equity 7222 JT Equity

Name ONWARD HOLDINGS CO LTD TOYOBO CO LTD MINEBEA CO LTD DISCO CORP NTT URBAN DEVELOPMENT CORP FUJIKURA LTD M3 INC KAWASAKI KISEN KAISHA LTD AICA KOGYO CO LTD HIKARI TSUSHIN INC SANGETSU CO LTD WACOM CO LTD MITSUI ENGINEER & SHIPBUILD MUSASHINO BANK LTD/THE AUTOBACS SEVEN CO LTD EZAKI GLICO CO LTD KINDEN CORP SHIMACHU CO LTD ZENSHO HOLDINGS CO LTD HIGO BANK LTD/THE SEINO HOLDINGS CO LTD SQUARE ENIX HOLDINGS CO LTD OGAKI KYORITSU BANK LTD/THE HASEKO CORP NANTO BANK LTD/THE HITACHI ZOSEN CORP MOCHIDA PHARMACEUTICAL CO CANON MARKETING JAPAN INC SUMCO CORP MATSUMOTOKIYOSHI HOLDINGS CO NTN CORP SANKYU INC NISSHINBO HOLDINGS INC KOKUYO CO LTD HYAKUJUSHI BANK LTD/THE SHIP HEALTHCARE HOLDINGS INC COSMOS PHARMACEUTICAL CORP HOKKOKU BANK LTD/THE JUROKU BANK LTD/THE ALPS ELECTRIC CO LTD MAEDA ROAD CONSTRUCTION CO DAISHI BANK LTD/THE MEGMILK SNOW BRAND CO LTD KYOWA EXEO CORP SEIKO EPSON CORP KAGOSHIMA BANK LTD/THE SO-NET ENTERTAINMENT CORP IWATANI CORP SAN-IN GODO BANK LTD/THE SANWA HOLDINGS CORP TOKYO OHKA KOGYO CO LTD POLA ORBIS HOLDINGS INC EACCESS LTD OKI ELECTRIC INDUSTRY CO LTD PIGEON CORP KOSE CORP NOF CORP ASATSU-DK INC HYAKUGO BANK LTD/THE DAIKYO INC TADANO LTD OKUMA CORP TOKAI TOKYO FINANCIAL HOLDIN NIKKISO CO LTD TAIKISHA LTD AIN PHARMACIEZ INC NIPPON KONPO UNYU SOKO CO TAIYO YUDEN CO LTD MATSUI SECURITIES CO LTD FUJI OIL CO LTD IT HOLDINGS CORP UNIPRES CORP MORI SEIKI CO LTD KEIYO BANK LTD/THE CAPCOM CO LTD NIPPON SHEET GLASS CO LTD HITACHI CAPITAL CORP ADEKA CORP TOYOTA BOSHOKU CORP TAKARA STANDARD CO LTD NIHON PARKERIZING CO LTD JAPAN AIRPORT TERMINAL CO NIPRO CORP TOYO INK SC HOLDINGS CO LTD MARUHA NICHIRO HOLDINGS INC RENGO CO LTD MIURA CO LTD NICHI-IKO PHARMACEUTICAL CO AVEX GROUP HOLDINGS INC SCSK CORP MEITEC CORP FP CORP CHIYODA CO LTD SKY PERFECT JSAT HOLDINGS HEIWA CORP ORIENT CORP #N/A Requesting Data... TODA CORP YOSHINOYA HOLDINGS CO LTD DCM HOLDINGS CO LTD HANWA CO LTD NORITZ CORP MEIDENSHA CORP LINTEC CORP IBJ LEASING CO LTD TS TECH CO LTD TOWA PHARMACEUTICAL CO LTD HITACHI TRANSPORT SYSTEM LTD SHO-BOND HOLDINGS CO LTD KOMERI CO LTD TV ASAHI CORP COCOKARA FINE INC TOKUYAMA CORPORATION HOGY MEDICAL CO LTD FUKUYAMA TRANSPORTING CO LTD BANK OF OKINAWA LTD/THE KISSEI PHARMACEUTICAL CO LTD PIONEER CORP SUMITOMO BAKELITE CO LTD MORINAGA MILK INDUSTRY CO VALOR CO LTD TAKATA CORP OKUMURA CORP PENTA-OCEAN CONSTRUCTION CO BANK OF IWATE LTD/THE NISSAN SHATAI CO LTD

GICS_SECTOR_NAME

ATM2 Ref

Dividend Yield

Next ExDividend Date

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

Consumer Discretionary 599.00 4.01% 26.02.2014 Consumer Discretionary 87.00 4.02% 27.03.2014 Industrials 257.00 3.50% 26.09.2013 35.85 Information Technology 3610.00 2.08% 26.09.2013 Financials 62000.00 2.26% 26.09.2013 Industrials 241.00 2.49% 26.09.2013 35.01 Health Care 152600.00 0.66% 27.03.2013 Industrials 99.00 1.01% 27.03.2013 60.59 Industrials 1372.00 2.33% 26.09.2013 Consumer Discretionary 4090.00 1.96% 26.06.2013 Consumer Discretionary 2107.00 3.56% 26.09.2013 Information Technology 187000.00 1.87% 27.03.2014 Industrials 95.00 3.16% 27.03.2014 Financials 2300.00 2.61% 26.09.2013 Consumer Discretionary 3280.00 4.42% 26.09.2013 Consumer Staples 902.00 1.66% 26.09.2013 Industrials 489.00 2.45% 26.09.2013 24.83 Consumer Discretionary 1627.00 3.07% 26.02.2014 Consumer Discretionary 963.00 1.66% 26.09.2013 Financials 477.00 1.78% 26.09.2013 Industrials 467.00 2.36% 27.03.2014 Information Technology 1119.00 2.68% 26.09.2013 Financials 274.00 2.55% 26.09.2013 Consumer Discretionary 51.00 30.76 Financials 388.00 1.55% 26.09.2013 Industrials 89.00 2.25% 27.03.2014 Health Care 970.00 2.68% 26.09.2013 Consumer Discretionary 1055.00 1.90% 26.06.2013 Information Technology 537.00 47.33 Consumer Staples 1877.00 2.13% 26.09.2013 Industrials 148.00 8.11% 26.09.2013 Industrials 277.00 3.25% 27.03.2014 Industrials 502.00 2.99% 26.09.2013 Industrials 636.00 2.36% 26.06.2013 Financials 305.00 2.30% 26.09.2013 Health Care 2518.00 1.19% 27.03.2014 Consumer Staples 7420.00 0.54% 27.11.2013 Financials 282.00 2.13% 26.09.2013 Financials 258.00 2.71% 26.09.2013 Information Technology 404.00 3.71% 26.09.2013 67.02 Industrials 988.00 1.82% 27.03.2014 Financials 250.00 2.80% 26.09.2013 Consumer Staples 1313.00 1.90% 27.03.2014 Industrials 865.00 2.31% 26.09.2013 Information Technology 461.00 5.64% 26.09.2013 Financials 492.00 1.73% 26.09.2013 Information Technology 562000.00 26.09.2013 Industrials 285.00 2.46% 27.03.2014 Financials 535.00 2.06% 26.09.2013 Industrials 297.00 3.37% 26.09.2013 Materials 1639.00 2.32% 26.09.2013 Consumer Staples 2461.00 2.03% 26.06.2013 Telecommunication Services40500.00 0.99% 26.06.2013 Information Technology 79.00 37.25 Consumer Staples 3455.00 2.72% 29.07.2013 Consumer Staples 1798.00 2.22% 26.09.2013 Materials 374.00 2.67% 26.09.2013 Consumer Discretionary 1762.00 1.53% 26.06.2013 Financials 339.00 2.21% 26.09.2013 Financials 198.00 1.52% 27.03.2014 Industrials 623.00 1.61% 26.09.2013 Industrials 478.00 1.67% 26.09.2013 Financials 262.00 3.05% 27.03.2013 Health Care 907.00 1.32% 26.09.2013 Industrials 1713.00 2.34% 26.09.2013 Consumer Staples 5380.00 1.12% 25.04.2014 Industrials 973.00 2.36% 26.09.2013 Information Technology 649.00 1.54% 26.09.2013 51.42 Financials 497.00 3.02% 27.03.2013 Consumer Staples 1069.00 2.43% 26.09.2013 Information Technology 968.00 2.69% 26.09.2013 Consumer Discretionary 1799.00 1.39% 26.09.2013 Industrials 521.00 5.76% 26.09.2013 Financials 352.00 2.84% 26.09.2013 Information Technology 1511.00 2.98% 26.09.2013 Industrials 63.00 26.09.2013 31.24 Financials 1459.00 2.47% 26.09.2013 Materials 626.00 3.51% 26.09.2013 Consumer Discretionary 806.00 2.11% 26.09.2013 Industrials 612.00 1.63% 26.09.2013 Materials 1134.00 1.98% 26.09.2013 Industrials 889.00 0.79% 26.09.2013 Health Care 539.00 4.41% 26.09.2013 Materials 296.00 3.89% 26.09.2013 Consumer Staples 125.00 2.40% 27.03.2014 Materials 329.00 3.65% 26.09.2013 Industrials 1777.00 2.36% 26.09.2013 Health Care 1679.00 1.91% 26.09.2013 Consumer Discretionary 1475.00 2.71% 26.09.2013 Information Technology 1365.00 2.49% 26.09.2013 Industrials 1696.00 6.25% 26.09.2013 Materials 5900.00 2.03% 26.09.2013 Consumer Discretionary 2111.00 2.13% 28.08.2013 Consumer Discretionary 36350.00 3.30% 26.09.2013 Consumer Discretionary 1249.00 4.40% 26.09.2013 Financials 142.00 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 224.00 2.68% 27.03.2014 Consumer Discretionary 100100.00 2.00% 28.08.2013 Consumer Discretionary 523.00 3.44% 28.08.2013 Industrials 271.00 4.43% 26.09.2013 Industrials 1300.00 2.15% 26.06.2013 Industrials 269.00 1.86% 27.03.2014 Materials 1397.00 2.79% 26.09.2013 Financials 1931.00 2.59% 26.09.2013 Consumer Discretionary 1253.00 2.08% 26.09.2013 Health Care 4955.00 1.46% 26.09.2013 Industrials 1263.00 1.82% 26.09.2013 Industrials 2631.00 1.98% 26.12.2013 Consumer Discretionary 1933.00 1.81% 26.09.2013 Consumer Discretionary 1044.00 1.92% 26.09.2013 Consumer Staples 2534.00 2.57% 26.09.2013 Materials 159.00 3.77% 26.09.2013 Health Care 3895.00 2.41% 26.06.2013 Industrials 422.00 2.37% 26.09.2013 Financials 3420.00 1.90% 26.09.2013 Health Care 1314.00 2.89% 26.09.2013 Consumer Discretionary 180.00 42.91 Materials 284.00 4.40% 27.03.2013 Consumer Staples 269.00 2.60% 27.03.2014 Consumer Staples 1296.00 2.01% 26.09.2013 Consumer Discretionary 1401.00 2.50% 27.03.2013 Industrials 238.00 3.78% 27.03.2014 Industrials 178.00 1.12% 27.03.2014 Financials 3790.00 1.58% 26.09.2013 Consumer Discretionary 859.00 1.05% 26.09.2013

35.43

35.39

35.64

-0.036 -0.002 0.001

0.007

0.004

0.000

0.000

0.000

34.20

34.16

34.26

-0.072 0.007

0.009

0.010

0.006

0.000

0.000

0.000

61.51

62.07

64.17

0.125

0.022

0.026

0.059

0.002 -0.001 -0.001 -0.003

21.13

21.13

21.30

0.210

0.164

0.171

0.204

0.004 -0.003 -0.003 -0.004

47.09

47.08

46.96

-0.504 -0.372 -0.265 -0.031

0.029

46.76

47.20

48.23

0.177

0.181

0.214

-0.007 -0.005 -0.005 -0.005

43.68

43.79

44.20

-0.043 -0.002 0.003

0.015

-0.024 0.000

0.000

0.000

36.05

36.26

36.49

0.309

0.730

0.028

0.015

0.010

48.79

47.30

46.02

-0.028 -0.042 -0.051 -0.037

0.002 -0.001 -0.002 -0.002

31.37

39.01

52.70

-0.149 -0.005 0.346

0.968

0.023

42.53

42.43

42.30

-0.042 0.028

0.008

0.002 -0.002 -0.001 0.000

0.172

0.557

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.622

0.020

0.008

0.018

0.012

0.006

0.009

0.000

0.003


16.10.2012

TOPIX 1000 Index - TPX1000

Ticker

Name

GICS_SECTOR_NAME

ATM3 Ref

Dividend Yield

Next ExDividend Date

1824 JT Equity

MAEDA CORP

Industrials

361.00

1.94%

27.03.2014

9303 JT Equity

SUMITOMO WAREHOUSE CO LTD

Industrials

338.00

3.11%

26.09.2013

2685 JT Equity

POINT INC

Consumer Discretionary

2959.00

4.39%

28.08.2013

9934 JT Equity

INABA DENKI SANGYO CO LTD

Industrials

2104.00

4.33%

27.03.2014

9948 JT Equity

ARCS CO LTD

Consumer Staples

1685.00

2.31%

28.08.2013

3865 JT Equity

HOKUETSU KISHU PAPER CO LTD

Materials

371.00

3.23%

26.09.2013

4681 JT Equity

RESORTTRUST INC

Consumer Discretionary

1489.00

2.69%

26.09.2013

8609 JT Equity

OKASAN SECURITIES GROUP INC

Financials

284.00

1.76%

27.03.2013

8600 JT Equity

TOMONY HOLDINGS INC

Financials

315.00

2.54%

26.09.2013

2131 JT Equity

ACCORDIA GOLF CO LTD

Consumer Discretionary

55600.00

2.52%

27.03.2014

9536 JT Equity

SAIBU GAS CO LTD

Utilities

209.00

2.87%

26.09.2013

3608 JT Equity

TSI HOLDINGS CO LTD

Consumer Discretionary

502.00

3.49%

26.02.2014

3774 JT Equity

INTERNET INITIATIVE JAPAN

Information Technology

2019.00

0.89%

26.09.2013

4921 JT Equity

FANCL CORP

Consumer Staples

881.00

3.86%

26.09.2013

6995 JT Equity

TOKAI RIKA CO LTD

Consumer Discretionary

990.00

3.43%

26.09.2013

2001 JT Equity

NIPPON FLOUR MILLS CO LTD

Consumer Staples

336.00

2.98%

26.09.2013

8522 JT Equity

BANK OF NAGOYA LTD/THE

Financials

258.00

2.52%

26.09.2013

9477 JT Equity

KADOKAWA GROUP HOLDINGS INC

Consumer Discretionary

2461.00

1.42%

27.03.2014

3432 JT Equity

SANKYO-TATEYAMA HOLDINGS INC

Industrials

162.00

12.35%

1881 JT Equity

NIPPO CORP

Industrials

876.00

1.37%

27.03.2014

6474 JT Equity

NACHI-FUJIKOSHI CORP

Industrials

241.00

2.49%

27.11.2013

5301 JT Equity

TOKAI CARBON CO LTD

Materials

246.00

3.25%

26.06.2013

8140 JT Equity

RYOSAN CO LTD

Information Technology

1385.00

5.05%

26.09.2013

5413 JT Equity

NISSHIN STEEL HOLDINGS CO LT

Materials

533.00

4985 JT Equity

EARTH CHEMICAL CO LTD

Materials

2929.00

3.24%

26.12.2013

7817 JT Equity

PARAMOUNT BED HOLDINGS CO LT

Health Care

2568.00

1.75%

26.09.2013

6588 JT Equity

TOSHIBA TEC CORP

Information Technology

351.00

1.99%

26.09.2013

7616 JT Equity

COLOWIDE CO LTD

Consumer Discretionary

671.00

0.75%

27.03.2014

9681 JT Equity

TOKYO DOME CORP

Consumer Discretionary

261.00

1.92%

29.01.2014

4044 JT Equity

CENTRAL GLASS CO LTD

Industrials

217.00

3.69%

26.09.2013

4917 JT Equity

MANDOM CORP

Consumer Staples

2059.00

2.91%

26.09.2013

9749 JT Equity

FUJI SOFT INC

Information Technology

1659.00

1.51%

26.09.2013

1417 JT Equity

MIRAIT HOLDINGS CORP

Industrials

673.00

2.97%

26.09.2013

9603 JT Equity

H I S CO LTD

Consumer Discretionary

2512.00

1.27%

29.10.2013

6140 JT Equity

ASAHI DIAMOND INDUSTRIAL CO

Industrials

829.00

4.10%

26.09.2013

7296 JT Equity

FCC CO LTD

Consumer Discretionary

1296.00

2.62%

26.09.2013

4041 JT Equity

NIPPON SODA CO LTD

Materials

340.00

1.76%

27.03.2014

7606 JT Equity

UNITED ARROWS LTD

Consumer Discretionary

1975.00

2.08%

26.09.2013

7278 JT Equity

EXEDY CORP

Consumer Discretionary

1546.00

3.23%

26.09.2013

8346 JT Equity

TOHO BANK LTD/THE

Financials

252.00

2.68%

26.09.2013

1332 JT Equity

NIPPON SUISAN KAISHA LTD

Consumer Staples

161.00

3.11%

26.09.2013

8424 JT Equity

FUYO GENERAL LEASE CO LTD

Financials

2189.00

3.02%

26.09.2013

1924 JT Equity

PANAHOME CORP

Consumer Discretionary

491.00

3.05%

26.09.2013

6371 JT Equity

TSUBAKIMOTO CHAIN CO

Industrials

384.00

2.08%

26.09.2013

9375 JT Equity

KINTETSU WORLD EXPRESS INC

Industrials

2293.00

1.40%

26.09.2013

8344 JT Equity

YAMAGATA BANK LTD/THE

Financials

340.00

1.76%

26.09.2013

9869 JT Equity

KATO SANGYO CO LTD

Consumer Staples

1434.00

2.58%

27.03.2013

7522 JT Equity

WATAMI CO LTD

Consumer Discretionary

1748.00

1.72%

26.09.2013

2284 JT Equity

ITOHAM FOODS INC

Consumer Staples

331.00

0.91%

27.03.2014

8399 JT Equity

BANK OF THE RYUKYUS LTD

Financials

991.00

3.03%

26.09.2013

6330 JT Equity

TOYO ENGINEERING CORP

Industrials

339.00

1.47%

27.03.2014

8595 JT Equity

JAFCO CO LTD

Financials

1680.00

1.49%

27.03.2013

7994 JT Equity

OKAMURA CORP

Industrials

576.00

1.91%

26.09.2013

1969 JT Equity

TAKASAGO THERMAL ENGINEERING

Industrials

629.00

3.97%

26.09.2013

4516 JT Equity

NIPPON SHINYAKU CO LTD

Health Care

917.00

2.29%

26.09.2013

8153 JT Equity

MOS FOOD SERVICES INC

Consumer Discretionary

1527.00

1.31%

26.09.2013

4708 JT Equity

MOSHI MOSHI HOTLINE INC

Industrials

1141.00

5.00%

26.09.2013

6436 JT Equity

AMANO CORP

Information Technology

650.00

4.31%

26.09.2013

7729 JT Equity

TOKYO SEIMITSU CO LTD

Information Technology

1090.00

1.65%

27.03.2013

5541 JT Equity

PACIFIC METALS CO LTD

Materials

267.00

0.75%

26.09.2013

5451 JT Equity

YODOGAWA STEEL WORKS LTD

Materials

260.00

3.27%

27.03.2013

5857 JT Equity

ASAHI HOLDINGS INC

Materials

1316.00

4.56%

26.09.2013

8278 JT Equity

FUJI CO LTD

Consumer Discretionary

1745.00

0.86%

28.08.2013

7251 JT Equity

KEIHIN CORP

Consumer Discretionary

925.00

3.14%

26.09.2013

8848 JT Equity

LEOPALACE21 CORP

Financials

244.00

3880 JT Equity

DAIO PAPER CORP

Materials

433.00

2.08%

26.09.2013

4626 JT Equity

TAIYO HOLDINGS CO LTD

Materials

2236.00

4.25%

26.09.2013

2201 JT Equity

MORINAGA & CO LTD

Consumer Staples

174.00

3.45%

27.03.2014

4023 JT Equity

KUREHA CORP

Materials

281.00

3.56%

26.09.2013

3110 JT Equity

NITTO BOSEKI CO LTD

Industrials

247.00

1.62%

27.03.2013

1942 JT Equity

KANDENKO CO LTD

Industrials

372.00

3.23%

26.09.2013

8360 JT Equity

YAMANASHI CHUO BANK LTD/THE

Financials

314.00

1.91%

26.09.2013

7230 JT Equity

NISSIN KOGYO CO LTD

Consumer Discretionary

1034.00

2.90%

26.09.2013

4559 JT Equity

ZERIA PHARMACEUTICAL CO LTD

Health Care

1259.00

1.91%

26.09.2013

1983 JT Equity

TOSHIBA PLANT SYSTEMS & SERV

Industrials

1036.00

1.45%

26.09.2013

6310 JT Equity

ISEKI & CO LTD

Industrials

176.00

1.14%

27.03.2014

8276 JT Equity

HEIWADO CO LTD

Consumer Staples

1036.00

2.41%

16.08.2013

8022 JT Equity

MIZUNO CORP

Consumer Discretionary

380.00

2.63%

26.09.2013

6383 JT Equity

DAIFUKU CO LTD

Industrials

409.00

3.67%

26.09.2013

8895 JT Equity

ARNEST ONE CORP

Consumer Discretionary

1145.00

3.49%

26.09.2013

8020 JT Equity

KANEMATSU CORP

Industrials

3201 JT Equity

JAPAN WOOL TEXTILE CO LTD

Consumer Discretionary

565.00

3.19%

29.05.2013

8281 JT Equity

XEBIO CO LTD

Consumer Discretionary

1565.00

1.92%

26.09.2013

7242 JT Equity

KYB CO LTD

Consumer Discretionary

268.00

3.36%

26.09.2013

6135 JT Equity

MAKINO MILLING MACHINE CO

Industrials

354.00

3.11%

26.09.2013

8173 JT Equity

JOSHIN DENKI CO LTD

Consumer Discretionary

859.00

1.86%

27.03.2014

6104 JT Equity

TOSHIBA MACHINE CO LTD

Industrials

322.00

2.33%

26.09.2013

4924 JT Equity

DR CI:LABO CO LTD

Consumer Staples

258100.00

3.49%

29.07.2014

5393 JT Equity

NICHIAS CORP

Industrials

391.00

2.94%

26.09.2013

8160 JT Equity

KISOJI CO LTD

Consumer Discretionary

1613.00

1.12%

26.09.2013

2590 JT Equity

DYDO DRINCO INC

Consumer Staples

3530.00

1.42%

17.07.2013

9787 JT Equity

AEON DELIGHT CO LTD

Industrials

1539.00

2.73%

28.08.2013

9793 JT Equity

DAISEKI CO LTD

Industrials

1075.00

1.91%

28.08.2013

8342 JT Equity

AOMORI BANK LTD/THE

Financials

244.00

2.46%

26.09.2013

1379 JT Equity

HOKUTO CORP

Consumer Staples

1578.00

3.61%

26.09.2013

4548 JT Equity

SEIKAGAKU CORP

Health Care

898.00

2.78%

26.09.2013

7224 JT Equity

SHINMAYWA INDUSTRIES LTD

Industrials

402.00

2.49%

26.09.2013

7864 JT Equity

FUJI SEAL INTERNATIONAL INC

Materials

1600.00

2.38%

26.09.2013

1820 JT Equity

NISHIMATSU CONSTRUCTION CO

Industrials

122.00

3.28%

27.03.2014

2815 JT Equity

ARIAKE JAPAN CO LTD

Consumer Staples

1750.00

2.74%

26.09.2013

6986 JT Equity

FUTABA CORP/CHIBA

Industrials

1041.00

3.36%

27.03.2013

8051 JT Equity

YAMAZEN CORP

Industrials

468.00

2.78%

26.09.2013

7239 JT Equity

TACHI-S CO LTD

Consumer Discretionary

1357.00

0.96%

26.09.2013

7248 JT Equity

CALSONIC KANSEI CORP

Consumer Discretionary

298.00

2.52%

26.09.2013

7451 JT Equity

MITSUBISHI SHOKUHIN CO LTD

Consumer Staples

1960.00

2.14%

26.09.2013

9605 JT Equity

TOEI CO LTD

Consumer Discretionary

423.00

1.42%

26.09.2013

8584 JT Equity

JACCS CO LTD

Financials

290.00

3.45%

26.09.2013

5946 JT Equity

CHOFU SEISAKUSHO CO LTD

Consumer Discretionary

1724.00

1.74%

26.06.2013

9449 JT Equity

GMO INTERNET INC

Information Technology

524.00

1.72%

27.03.2013

6651 JT Equity

NITTO KOGYO CORP

Industrials

1161.00

1.81%

26.09.2013

1377 JT Equity

SAKATA SEED CORP

Consumer Staples

1031.00

1.94%

27.11.2013

8803 JT Equity

HEIWA REAL ESTATE CO LTD

Financials

912.00

2.74%

26.09.2013

6967 JT Equity

SHINKO ELECTRIC INDUSTRIES

Information Technology

506.00

3.95%

26.09.2013

8806 JT Equity

DAIBIRU CORP

Financials

585.00

1.88%

26.09.2013

7238 JT Equity

AKEBONO BRAKE INDUSTRY CO

Consumer Discretionary

334.00

2.99%

26.09.2013

6282 JT Equity

OILES CORP

Industrials

1547.00

2.26%

26.09.2013

9830 JT Equity

TRUSCO NAKAYAMA CORP

Industrials

1370.00

2.59%

26.09.2013

3092 JT Equity

START TODAY CO LTD

Consumer Discretionary

939.00

2.13%

26.09.2013

6996 JT Equity

NICHICON CORP

Information Technology

533.00

2.81%

26.09.2013

7740 JT Equity

TAMRON CO LTD

Consumer Discretionary

2180.00

2.06%

26.12.2012

7581 JT Equity

SAIZERIYA CO LTD

Consumer Discretionary

1139.00

1.58%

27.08.2014

5703 JT Equity

NIPPON LIGHT METAL HOLDINGS

Materials

70.00

4.29%

8237 JT Equity 5482 JT Equity

MATSUYA CO LTD AICHI STEEL CORP

Consumer Discretionary Materials

828.00 295.00

3.39%

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

ATM3 ATM3 ATM3 ATM3 ATM3 ATM3 ATM3 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

27.03.2014

89.00

26.09.2013

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |


16.10.2012

TOPIX 1000 Index - TPX1000

Ticker 9511 JT Equity 5738 JT Equity 5726 JT Equity 8179 JT Equity 7862 JT Equity 6632 JT Equity 8392 JT Equity 5707 JT Equity 5105 JT Equity 3087 JT Equity 3167 JT Equity 7447 JT Equity 6755 JT Equity 3002 JT Equity 8325 JT Equity 9543 JT Equity 7274 JT Equity 8841 JT Equity 6875 JT Equity 3151 JT Equity 7220 JT Equity 8362 JT Equity 6807 JT Equity 6767 JT Equity 2288 JT Equity 8527 JT Equity 2594 JT Equity 6905 JT Equity 6581 JT Equity 9474 JT Equity 7739 JT Equity 8251 JT Equity 8217 JT Equity 9792 JT Equity 4471 JT Equity 2730 JT Equity 8515 JT Equity 6379 JT Equity 7246 JT Equity 3048 JT Equity 8214 JT Equity 1766 JT Equity 6222 JT Equity 8511 JT Equity 1950 JT Equity 9945 JT Equity 9746 JT Equity 8343 JT Equity 5191 JT Equity 5809 JT Equity 4694 JT Equity 6013 JT Equity 6269 JT Equity 6454 JT Equity 7545 JT Equity 1835 JT Equity 2580 JT Equity 3569 JT Equity 4914 JT Equity 7867 JT Equity 6961 JT Equity 8170 JT Equity 2681 JT Equity 8545 JT Equity 8387 JT Equity 4919 JT Equity 8266 JT Equity 6498 JT Equity 3106 JT Equity 6118 JT Equity 9759 JT Equity 8550 JT Equity 6101 JT Equity 2181 JT Equity 3064 JT Equity 8543 JT Equity 5440 JT Equity 4958 JT Equity 3107 JT Equity 2874 JT Equity 8279 JT Equity 5423 JT Equity 1982 JT Equity 9010 JT Equity 5975 JT Equity 1973 JT Equity 8056 JT Equity 4282 JT Equity 3708 JT Equity 8339 JT Equity 6406 JT Equity 2602 JT Equity 8870 JT Equity 8011 JT Equity 7917 JT Equity 6707 JT Equity 6816 JT Equity 8074 JT Equity 8098 JT Equity 8541 JT Equity 5186 JT Equity 8566 JT Equity 7846 JT Equity 6444 JT Equity 8393 JT Equity 8396 JT Equity 4680 JT Equity 7421 JT Equity 4116 JT Equity 6287 JT Equity 3635 JT Equity 7541 JT Equity 9069 JT Equity 9715 JT Equity 6339 JT Equity 6622 JT Equity 6804 JT Equity 3104 JT Equity 2004 JT Equity 2211 JT Equity 4551 JT Equity 8032 JT Equity 2908 JT Equity 9678 JT Equity 5727 JT Equity 5715 JT Equity

Name OKINAWA ELECTRIC POWER CO SUMITOMO LIGHT METAL IND LTD OSAKA TITANIUM TECHNOLOGIES ROYAL HOLDINGS CO LTD TOPPAN FORMS CO LTD JVC KENWOOD CORP OITA BANK LTD/THE TOHO ZINC CO LTD TOYO TIRE & RUBBER CO LTD DOUTOR NICHIRES HOLDINGS CO TOKAI HOLDINGS CORP NAGAILEBEN CO LTD FUJITSU GENERAL LTD GUNZE LTD HOKUETSU BANK LTD/THE SHIZUOKA GAS CO LTD SHOWA CORP TOC CO LTD MEGACHIPS CORP VITAL KSK HOLDINGS INC MUSASHI SEIMITSU INDUSTRY CO FUKUI BANK LTD/THE JAPAN AVIATION ELECTRONICS MITSUMI ELECTRIC CO LTD MARUDAI FOOD CO LTD AICHI BANK LTD/THE KEY COFFEE INC COSEL CO LTD HITACHI KOKI CO LTD ZENRIN CO LTD CANON ELECTRONICS INC PARCO CO LTD OKUWA CO LTD NICHII GAKKAN CO SANYO CHEMICAL INDUSTRIES EDION CORP AIFUL CORP SHINKO PLANTECH CO LTD PRESS KOGYO CO LTD BIC CAMERA INC AOKI HOLDINGS INC TOKEN CORP SHIMA SEIKI MFG LTD JAPAN SECURITIES FINANCE CO NIPPON DENSETSU KOGYO CO LTD PLENUS CO LTD TKC CORP AKITA BANK LTD/THE TOKAI RUBBER INDUSTRIES TATSUTA ELEC WIRE & CABLE BML INC TAKUMA CO LTD MODEC INC MAX CO LTD NISHIMATSUYA CHAIN CO LTD TOTETSU KOGYO CO LTD COCA-COLA CENTRAL JAPAN CO SEIREN CO LTD TAKASAGO INTERNATIONAL CORP TOMY COMPANY LTD ENPLAS CORP ADERANS CO LTD GEO HOLDINGS CORP KANSAI URBAN BANKING CORP SHIKOKU BANK LTD/THE MILBON CO LTD IZUMIYA CO LTD KITZ CORP KURABO INDUSTRIES LTD AIDA ENGINEERING LTD NSD CO LTD TOCHIGI BANK LTD/THE TSUGAMI CORP TEMP HOLDINGS CO LTD MONOTARO CO LTD MINATO BANK LTD/THE KYOEI STEEL LTD T HASEGAWA CO LTD DAIWABO HOLDINGS CO LTD YOKOHAMA REITO CO LTD YAOKO CO LTD TOKYO STEEL MFG CO LTD HIBIYA ENGINEERING LTD FUJI KYUKO CO LTD TOPRE CORP NEC NETWORKS & SYSTEM INTEGR NIHON UNISYS LTD EPS CORPORATION TOKUSHU TOKAI PAPER CO LTD TOKYO TOMIN BANK LTD/THE FUJITEC CO LTD NISSHIN OILLIO GROUP LTD/THE SUMITOMO REAL ESTATE SALES SANYO SHOKAI LTD FUJIMORI KOGYO CO LTD SANKEN ELECTRIC CO LTD ALPINE ELECTRONICS INC YUASA TRADING CO LTD INABATA & CO LTD EHIME BANK LTD/THE NITTA CORP RICOH LEASING CO LTD PILOT CORP SANDEN CORP MIYAZAKI BANK LTD/THE EIGHTEENTH BANK LTD/THE ROUND ONE CORP KAPPA CREATE HOLDINGS CO LTD DAINICHISEIKA COLOR & CHEM SATO HOLDINGS CORP TECMO KOEI HOLDINGS CO LTD MEGANE TOP CO LTD SENKO CO LTD TRANSCOSMOS INC SINTOKOGIO LTD DAIHEN CORP HOSIDEN CORP FUJIBO HOLDINGS INC SHOWA SANGYO CO LTD FUJIYA CO LTD TORII PHARMACEUTICAL CO LTD JAPAN PULP & PAPER CO LTD FUJICCO CO LTD KANAMOTO CO LTD TOHO TITANIUM CO LTD FURUKAWA CO LTD

GICS_SECTOR_NAME Utilities Materials Materials Consumer Discretionary Industrials Consumer Discretionary Financials Materials Consumer Discretionary Consumer Discretionary Industrials Health Care Consumer Discretionary Consumer Discretionary Financials Utilities Consumer Discretionary Financials Information Technology Health Care Consumer Discretionary Financials Information Technology Information Technology Consumer Staples Financials Consumer Staples Industrials Industrials Consumer Discretionary Information Technology Consumer Discretionary Consumer Staples Health Care Materials Consumer Discretionary Financials Energy Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Industrials Financials Industrials Consumer Discretionary Information Technology Financials Consumer Discretionary Industrials Health Care Industrials Energy Industrials Consumer Discretionary Industrials Consumer Staples Consumer Discretionary Materials Consumer Discretionary Information Technology Consumer Staples Consumer Discretionary Financials Financials Consumer Staples Consumer Staples Industrials Consumer Discretionary Industrials Information Technology Financials Industrials Industrials Industrials Financials Materials Materials Information Technology Consumer Staples Consumer Staples Materials Industrials Consumer Discretionary Consumer Discretionary Information Technology Information Technology Health Care Materials Financials Industrials Consumer Staples Financials Consumer Discretionary Materials Information Technology Consumer Discretionary Industrials Industrials Financials Industrials Financials Industrials Consumer Discretionary Financials Financials Consumer Discretionary Consumer Discretionary Materials Industrials Information Technology Consumer Discretionary Industrials Information Technology Industrials Industrials Information Technology Consumer Discretionary Consumer Staples Consumer Staples Health Care Industrials Consumer Staples Industrials Materials Industrials

ATM3 Ref 2709.00 64.00 1570.00 974.00 746.00 264.00 249.00 269.00 198.00 992.00 323.00 1190.00 653.00 198.00 152.00 589.00 715.00 397.00 1845.00 816.00 1560.00 177.00 653.00 423.00 279.00 4180.00 1526.00 1024.00 556.00 1038.00 1610.00 823.00 1046.00 717.00 444.00 370.00 162.00 630.00 314.00 38550.00 1661.00 3440.00 1055.00 352.00 704.00 1293.00 1559.00 210.00 732.00 721.00 2046.00 394.00 1602.00 883.00 640.00 947.00 986.00 528.00 399.00 416.00 2719.00 1093.00 89600.00 99.00 191.00 2645.00 395.00 330.00 126.00 499.00 749.00 271.00 487.00 942.00 2039.00 150.00 1201.00 1005.00 139.00 544.00 3045.00 248.00 956.00 481.00 651.00 1412.00 549.00 210500.00 197.00 692.00 440.00 297.00 3600.00 233.00 1698.00 251.00 651.00 126.00 482.00 204.00 1221.00 1859.00 144200.00 240.00 190.00 197.00 381.00 1715.00 330.00 1133.00 630.00 870.00 306.00 897.00 535.00 207.00 450.00 279.00 263.00 189.00 1687.00 235.00 1007.00 982.00 707.00 68.00

Dividend Yield

Next ExDividend Date

2.21% 3.13% 1.27% 1.03% 3.35% 1.89% 2.41% 2.60% 3.54% 2.62% 3.72% 2.94% 1.23% 3.79% 3.95% 1.53% 2.52% 2.27% 1.63% 1.96% 2.56% 2.82% 1.68% 1.18% 3.23% 1.91% 0.98% 2.15% 5.76% 2.84% 3.73% 2.19% 2.49% 2.51% 3.38% 5.41%

26.09.2013

4.76% 2.71% 2.59% 2.41% 2.47% 3.32% 4.83% 1.70% 3.87% 2.82% 2.86% 2.32% 1.25% 2.08% 1.02% 1.79% 4.08% 2.97% 2.11% 3.65% 2.37% 2.01% 3.37% 0.92%

27.03.2014 26.09.2013 26.02.2014 26.09.2013 25.04.2014 26.09.2013 26.09.2013 27.03.2014 28.08.2013 27.03.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.06.2013 27.03.2014 16.08.2013 27.03.2014 26.06.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013

3.35% 3.03% 2.88% 2.38% 2.28% 3.18% 3.97% 2.81% 3.34% 2.58% 2.26% 1.49% 0.61% 3.33% 2.50% 2.99% 2.88% 3.68% 1.81% 2.02% 3.14% 1.04% 2.30% 2.34% 2.00% 1.81% 2.54% 2.17% 2.50% 3.37% 3.06% 3.43% 1.94% 2.79% 3.07% 3.97% 4.15% 2.94% 2.29% 2.18% 1.39% 4.17% 3.16% 3.05% 5.25% 1.17% 3.64% 3.00% 4.60% 1.61% 3.59% 3.34% 2.62% 3.38% 4.44% 1.43% 2.66%

26.09.2013 27.03.2014 26.09.2013 18.06.2013 28.08.2013 26.09.2013 27.03.2014 27.03.2014 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.06.2013 27.03.2014 26.09.2013 27.03.2013 27.03.2014 27.03.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013 27.03.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.12.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 26.06.2013 27.03.2014 26.09.2013 26.09.2013 26.09.2013 26.02.2014 26.09.2013 26.09.2013 27.03.2014 26.09.2013 26.09.2013 27.03.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 27.03.2014

2.49% 4.26% 2.98% 2.04% 0.71%

26.09.2013 26.09.2013 26.09.2013 25.04.2013 27.03.2013

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

ATM3 ATM3 ATM3 ATM3 ATM3 ATM3 ATM3 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

27.03.2013 26.12.2013 26.09.2013 27.03.2013 26.09.2013 27.03.2014 26.12.2013 28.08.2013 26.09.2013 27.08.2014 27.03.2014 27.03.2014 26.09.2013 26.06.2013 26.09.2013 26.09.2013 27.03.2013 26.09.2013 26.09.2013 26.09.2013 26.09.2013 27.03.2014 27.03.2014 26.09.2013 26.09.2013 18.11.2013 26.06.2013 26.09.2013 26.12.2012 28.08.2013 16.08.2013 26.09.2013 26.09.2013 26.09.2013

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |


16.10.2012

TOPIX 1000 Index - TPX1000

Ticker

Name

GICS_SECTOR_NAME

ATM4 Ref

Dividend Yield

Next ExDividend Date

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

ATM4 ATM4 ATM4 ATM4 ATM4 ATM4 ATM4 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

2220 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8050 JT Equity

SEIKO HOLDINGS CORP

Consumer Discretionary

205.00

1.22%

27.03.2014

8283 JT Equity

PALTAC CORP

Consumer Discretionary

1137.00

3.52%

26.09.2013

5911 JT Equity

YOKOGAWA BRIDGE HOLDINGS COR

Industrials

556.00

1.62%

26.09.2013

5602 JT Equity

KURIMOTO LTD

Materials

236.00

1.69%

26.09.2013

5481 JT Equity

SANYO SPECIAL STEEL CO LTD

Materials

225.00

4.44%

27.03.2013

6349 JT Equity

KOMORI CORP

Industrials

393.00

3.82%

26.09.2013

8174 JT Equity

NIPPON GAS CO LTD

Energy

1233.00

1.22%

26.09.2013

1722 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

5122 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8151 JT Equity

TOYO CORP

Information Technology

807.00

4.96%

27.03.2013

7231 JT Equity

TOPY INDUSTRIES LTD

Materials

154.00

2.60%

26.09.2013

9302 JT Equity

MITSUI-SOKO CO LTD

Industrials

248.00

3.83%

26.09.2013

4617 JT Equity

CHUGOKU MARINE PAINTS LTD

Materials

357.00

3.64%

26.09.2013

1762 JT Equity

TAKAMATSU CONSTRUCTION GROUP Consumer Discretionary

1355.00

1.33%

26.09.2013

7976 JT Equity

MITSUBISHI PENCIL CO LTD

Industrials

1387.00

1.84%

26.06.2013

8114 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

4212 JT Equity

SEKISUI JUSHI CORP

Industrials

9119 JT Equity

IINO KAIUN KAISHA LTD

6737 JT Equity

EIZO NANAO CORP

7517 JT Equity

768.00

2.73%

26.09.2013

Industrials

233.00

5.15%

26.09.2013

Information Technology

1328.00

4.14%

26.09.2013

KURODA ELECTRIC CO LTD

Industrials

923.00

3.14%

26.09.2013

1941 JT Equity

CHUDENKO CORP

Industrials

691.00

2.89%

26.09.2013

6419 JT Equity

MARS ENGINEERING CORP

Consumer Discretionary

1981.00

2.78%

26.09.2013

7476 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

7718 JT Equity

STAR MICRONICS CO LTD

Information Technology

692.00

3.90%

28.08.2013

6794 JT Equity

FOSTER ELECTRIC CO LTD

Consumer Discretionary

1170.00

3.85%

26.09.2013

6407 JT Equity

CKD CORP

Industrials

394.00

3.55%

26.09.2013

5192 JT Equity

MITSUBOSHI BELTING CO LTD

Industrials

415.00

3.61%

26.09.2013

2726 JT Equity

PAL CO LTD

Consumer Discretionary

3820.00

1.57%

26.02.2014

8111 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

6151 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

9682 JT Equity

DTS CORP

Information Technology

1068.00

2.81%

26.09.2013

4733 JT Equity

OBIC BUSINESS CONSULTANTS

Information Technology

4335.00

2.08%

26.09.2013

9430 JT Equity

NEC MOBILING LTD

Consumer Discretionary

2974.00

4.20%

26.09.2013

2792 JT Equity

HONEYS CO LTD

Consumer Discretionary

1239.00

2.42%

27.11.2013

6728 JT Equity

ULVAC INC

Information Technology

538.00

1.86%

26.06.2013

3028 JT Equity

ALPEN CO LTD

Consumer Discretionary

1418.00

2.47%

26.12.2013

6706 JT Equity

DENKI KOGYO CO LTD

Information Technology

349.00

2.01%

27.03.2014

5384 JT Equity

FUJIMI INC

Materials

1118.00

3.13%

26.09.2013

8395 JT Equity

BANK OF SAGA LTD/THE

Financials

177.00

3.39%

26.09.2013

6756 JT Equity

HITACHI KOKUSAI ELECTRIC INC

Information Technology

463.00

2.59%

26.09.2013

1885 JT Equity

TOA CORP

Industrials

108.00

1.85%

27.03.2014

8871 JT Equity

GOLDCREST CO LTD

Financials

1188.00

3.79%

26.09.2013

7943 JT Equity

NICHIHA CORP

Industrials

911.00

1.98%

26.09.2013

7840 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8338 JT Equity

TSUKUBA BANK LTD

Financials

256.00

1.95%

27.03.2014

4201 JT Equity

NIPPON SYNTHETIC CHEMICAL

Materials

490.00

2.45%

26.09.2013

7226 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

7516 JT Equity

KOHNAN SHOJI CO LTD

Consumer Discretionary

4028 JT Equity

ISHIHARA SANGYO KAISHA LTD

Materials

2664 JT Equity

CAWACHI LTD

Consumer Staples

1507.00

7915 JT Equity

NISSHA PRINTING CO LTD

Industrials

617.00

8182 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

2659 JT Equity

SAN-A CO LTD

Consumer Staples

3070.00

1.53%

26.02.2014

6332 JT Equity

TSUKISHIMA KIKAI CO LTD

Industrials

660.00

2.27%

26.09.2013

2109 JT Equity

MITSUI SUGAR CO LTD

Consumer Staples

259.00

3.09%

26.09.2013

3397 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

2327 JT Equity

NS SOLUTIONS CORP

Information Technology

6455 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8196 JT Equity

KASUMI CO LTD

Consumer Staples

5331 JT Equity

NORITAKE CO LTD

3950 JT Equity

PACK CORP/THE

5959 JT Equity

963.00

3.12%

28.08.2013

2.65%

12.03.2014

59.00

1550.00

27.03.2013

2.74%

26.09.2013

504.00

2.78%

28.08.2013

Industrials

188.00

3.46%

26.09.2013

Materials

1370.00

2.92%

26.06.2013

OKABE CO LTD

Materials

491.00

2.85%

26.06.2013

6462 JT Equity

RIKEN CORP

Consumer Discretionary

277.00

3.97%

26.09.2013

7972 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

9755 JT Equity

OYO CORP

Industrials

8897 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8698 JT Equity

MONEX GROUP INC

Financials

13380.00

2.24%

27.03.2013

6741 JT Equity

NIPPON SIGNAL CO LTD/THE

Industrials

427.00

3.28%

26.09.2013

2204 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

7102 JT Equity

NIPPON SHARYO LTD

Industrials

6463 JT Equity

TPR CO LTD

7630 JT Equity

ICHIBANYA CO LTD

5196 JT Equity

917.00

1.64%

26.06.2013

272.00

1.84%

26.09.2013

Consumer Discretionary

891.00

2.81%

26.09.2013

Consumer Discretionary

2488.00

2.21%

28.05.2014

KINUGAWA RUBBER INDUSTRIAL

Consumer Discretionary

428.00

1.87%

26.09.2013

2127 JT Equity

NIHON M&A CENTER INC

Industrials

2363.00

2.12%

26.09.2013

7483 JT Equity

DOSHISHA CO LTD

Consumer Discretionary

2096.00

2.74%

26.09.2013

3864 JT Equity

MITSUBISHI PAPER MILLS LTD

Materials

65.00

1.54%

27.03.2014

6430 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

2918 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

1954 JT Equity

NIPPON KOEI CO LTD

Industrials

273.00

2.75%

27.03.2014

9882 JT Equity

YELLOW HAT LTD

Consumer Discretionary

1019.00

2.45%

26.09.2013

9946 JT Equity

MINISTOP CO LTD

Consumer Staples

1295.00

3.47%

28.08.2013

6801 JT Equity

TOKO INC

Information Technology

186.00

1961 JT Equity

SANKI ENGINEERING CO LTD

Industrials

367.00

4.09%

26.09.2013

9672 JT Equity

TOKYOTOKEIBA CO LTD

Consumer Discretionary

116.00

2.59%

26.06.2013

5851 JT Equity

RYOBI LTD

Industrials

159.00

3.77%

26.09.2013

5632 JT Equity

MITSUBISHI STEEL MFG CO LTD

Materials

147.00

3.06%

26.09.2013

3730 JT Equity

MACROMILL INC

Information Technology

968.00

2.58%

26.12.2013

2108 JT Equity

NIPPON BEET SUGAR MFG CO LTD

Consumer Staples

150.00

3.33%

27.03.2014

4321 JT Equity

KENEDIX INC

Financials

9310.00

6413 JT Equity

RISO KAGAKU CORP

Information Technology

1287.00

3.89%

27.03.2014

8037 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

7937 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8703 JT Equity

KABU.COM SECURITIES CO LTD

Financials

228.00

3.51%

27.03.2013

6820 JT Equity

ICOM INC

Information Technology

1657.00

1.21%

26.09.2013

6839 JT Equity

FUNAI ELECTRIC CO LTD

Consumer Discretionary

1019.00

3.93%

27.03.2013

8200 JT Equity

RINGER HUT CO LTD

Consumer Discretionary

1026.00

0.97%

28.08.2013

3141 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

6368 JT Equity

ORGANO CORP

Industrials

457.00

3.28%

26.09.2013

5930 JT Equity

BUNKA SHUTTER CO LTD

Industrials

336.00

2.98%

26.09.2013

1884 JT Equity

NIPPON ROAD CO LTD

Industrials

271.00

2.58%

27.03.2014

3001 JT Equity

KATAKURA INDUSTRIES CO LTD

Industrials

688.00

1.45%

26.12.2013

2466 JT Equity

PGM HOLDINGS K K

Consumer Discretionary

61300.00

1.63%

26.12.2013

6730 JT Equity

AXELL CORP

Information Technology

1937.00

5.94%

26.09.2013

5195 JT Equity

BANDO CHEMICAL INDUSTRIES

Industrials

248.00

3.63%

26.09.2013

7250 JT Equity

PACIFIC INDUSTRIAL CO LTD

Consumer Discretionary

437.00

2.06%

26.09.2013

8165 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

8133 JT Equity

ITOCHU ENEX CO LTD

Energy

406.00

3.94%

26.09.2013

8879 JT Equity

TOKYU LIVABLE INC

Financials

987.00

2.03%

27.03.2014

9902 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

6641 JT Equity

NISSIN ELECTRIC CO LTD

Industrials

8713 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

2613 JT Equity

J-OIL MILLS INC

Consumer Staples

210.00

3.81%

26.09.2013

9938 JT Equity

SUMIKIN BUSSAN CORP

Industrials

190.00

3.42%

26.09.2013

1515 JT Equity

NITTETSU MINING CO LTD

Materials

306.00

2.29%

26.09.2013

8263 JT Equity

DAIEI INC

Consumer Discretionary

143.00

7280 JT Equity

MITSUBA CORP

Consumer Discretionary

473.00

1.48%

27.03.2014

5142 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

4538 JT Equity

#N/A Requesting Data...

#N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

2678 JT Equity

ASKUL CORP

Consumer Discretionary

1272.00

2.36%

18.11.2013

8624 JT Equity

ICHIYOSHI SECURITIES CO LTD

Financials

390.00

6.15%

27.03.2013

9616 JT Equity

KYORITSU MAINTENANCE CO LTD

Consumer Discretionary

1666.00

2.34%

26.09.2013

6676 JT Equity 7995 JT Equity

MELCO HOLDINGS INC NIPPON VALQUA INDUSTRIES LTD

Information Technology Materials

1557.00 211.00

2.57% 4.74%

26.09.2013 26.09.2013

439.00

2.05%

26.09.2013

36.92

34.17

34.62

35.55

-0.188 -0.018 0.009

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.062

0.009

0.003

0.002 -0.001


16.10.2012

TOPIX 1000 Index - TPX1000

Ticker 4549 JT Equity 2910 JT Equity 6369 JT Equity 4956 JT Equity 4997 JT Equity 3148 JT Equity 7241 JT Equity 6507 JT Equity 2281 JT Equity 4046 JT Equity 8150 JT Equity 7732 JT Equity 9729 JT Equity 8131 JT Equity 3156 JT Equity 8068 JT Equity 3395 JT Equity 2899 JT Equity 5812 JT Equity 4996 JT Equity 6718 JT Equity 8097 JT Equity 8876 JT Equity 3103 JT Equity 5449 JT Equity 8907 JT Equity 6999 JT Equity 7245 JT Equity 7631 JT Equity 7494 JT Equity 1518 JT Equity 6480 JT Equity 6652 JT Equity 1813 JT Equity 8536 JT Equity 8529 JT Equity 3315 JT Equity 1926 JT Equity 7599 JT Equity 8255 JT Equity 8168 JT Equity 1301 JT Equity 2572 JT Equity 5741 JT Equity 5563 JT Equity 5805 JT Equity 2322 JT Equity 4668 JT Equity 8154 JT Equity 1968 JT Equity 5344 JT Equity 2733 JT Equity 8337 JT Equity 7456 JT Equity 4539 JT Equity 1890 JT Equity 4711 JT Equity 8061 JT Equity 3076 JT Equity 9068 JT Equity 8364 JT Equity 6796 JT Equity 6723 JT Equity 5310 JT Equity 8350 JT Equity 8706 JT Equity 8043 JT Equity 5988 JT Equity 4633 JT Equity 8194 JT Equity 8558 JT Equity 9066 JT Equity 3333 JT Equity 3529 JT Equity 1959 JT Equity 7294 JT Equity 8409 JT Equity 8141 JT Equity 1964 JT Equity 6247 JT Equity 6482 JT Equity 9997 JT Equity 8089 JT Equity 6517 JT Equity 7554 JT Equity 8613 JT Equity 8132 JT Equity 9037 JT Equity 7613 JT Equity 3738 JT Equity 1919 JT Equity 9900 JT Equity 4928 JT Equity 6966 JT Equity 8374 JT Equity 6277 JT Equity 3946 JT Equity 8537 JT Equity 6278 JT Equity 7769 JT Equity 5210 JT Equity 6935 JT Equity 4215 JT Equity 2692 JT Equity 9842 JT Equity 7942 JT Equity 6779 JT Equity 7905 JT Equity 4825 JT Equity 9887 JT Equity 2715 JT Equity 8059 JT Equity 5302 JT Equity 2317 JT Equity 9722 JT Equity 3433 JT Equity 1980 JT Equity 8551 JT Equity 6363 JT Equity 6866 JT Equity 8530 JT Equity 4994 JT Equity 4109 JT Equity 6744 JT Equity 8008 JT Equity 4989 JT Equity

Name EIKEN CHEMICAL CO LTD #N/A Requesting Data... TOYO KANETSU K K #N/A Requesting Data... NIHON NOHYAKU CO LTD #N/A Requesting Data... FUTABA INDUSTRIAL CO LTD SINFONIA TECHNOLOGY CO LTD #N/A Requesting Data... #N/A Requesting Data... SANSHIN ELECTRONICS CO LTD TOPCON CORP #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... RYOYO ELECTRO CORP SAINT MARC HOLDINGS CO LTD #N/A Requesting Data... HITACHI CABLE LTD KUMIAI CHEMICAL INDUSTRY CO #N/A Requesting Data... SAN-AI OIL CO LTD #N/A Requesting Data... UNITIKA LTD OSAKA STEEL CO LTD #N/A Requesting Data... KOA CORP DAIDO METAL CO LTD MACNICA INC #N/A Requesting Data... MITSUI MATSUSHIMA CO LTD NIPPON THOMPSON CO LTD IDEC CORP FUDO TETRA CORP HIGASHI-NIPPON BANK LTD/THE #N/A Requesting Data... NIPPON COKE & ENGINEERING CO #N/A Requesting Data... GULLIVER INTERNATIONAL CO #N/A Requesting Data... KEIYO CO LTD KYOKUYO CO LTD MIKUNI COCA-COLA BOTTLING CO FURUKAWA-SKY ALUMINUM CORP NIPPON DENKO CO LTD SWCC SHOWA HOLDINGS CO LTD NEC FIELDING LTD #N/A Requesting Data... KAGA ELECTRONICS CO LTD TAIHEI DENGYO KAISHA LTD MARUWA CO LTD #N/A Requesting Data... CHIBA KOGYO BANK LTD/THE MATSUDA SANGYO CO LTD #N/A Requesting Data... TOYO CONSTRUCTION CO LTD #N/A Requesting Data... SEIKA CORP AI HOLDINGS CORP #N/A Requesting Data... SHIMIZU BANK LTD/THE CLARION CO LTD RENESAS ELECTRONICS CORP TOYO TANSO CO LTD #N/A Requesting Data... KYOKUTO SECURITIES #N/A Requesting Data... #N/A Requesting Data... SAKATA INX CORP #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... ATSUGI CO LTD KYUDENKO CORP YOROZU CORP YACHIYO BANK LTD/THE SHINKO SHOJI CO LTD CHUGAI RO CO LTD HISAKA WORKS LTD YUSHIN PRECISION EQUIPMENT #N/A Requesting Data... #N/A Requesting Data... DENYO CO LTD #N/A Requesting Data... MARUSAN SECURITIES CO LTD #N/A Requesting Data... HAMAKYOREX CO LTD #N/A Requesting Data... T-GAIA CORP #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... MITSUI HIGH-TEC INC MIE BANK LTD/THE HOSOKAWA MICRON CORP #N/A Requesting Data... #N/A Requesting Data... UNION TOOL CO RHYTHM WATCH CO LTD NIHON YAMAMURA GLASS CO LTD JAPAN DIGITAL LABORATORY CO #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... JSP CORP NIHON DEMPA KOGYO CO LTD DAIKEN CORP #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... DAIICHI JITSUGYO CO LTD NIPPON CARBON CO LTD #N/A Requesting Data... FUJITA KANKO INC TOCALO CO LTD #N/A Requesting Data... #N/A Requesting Data... TORISHIMA PUMP MFG CO LTD #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... STELLA CHEMIFA CORP NOHMI BOSAI LTD #N/A Requesting Data... #N/A Requesting Data...

GICS_SECTOR_NAME

ATM4 Ref

Dividend Yield

Next ExDividend Date

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

ATM4 ATM4 ATM4 ATM4 ATM4 ATM4 ATM4 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

Health Care 1055.00 2.65% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Energy 152.00 2.63% 27.03.2014 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Materials 355.00 2.54% 27.03.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 300.00 27.03.2013 Industrials 141.00 2.13% 27.03.2014 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Information Technology 598.00 3.68% 26.09.2013 Information Technology 366.00 2.19% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Information Technology 780.00 3.85% 29.07.2013 Consumer Discretionary 2943.00 3.64% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 102.00 27.03.2014 Materials 380.00 1.32% 29.10.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Energy 347.00 3.75% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 35.00 Materials 1239.00 1.82% 27.03.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Information Technology 646.00 3.10% 27.03.2013 Consumer Discretionary 528.00 2.46% 26.09.2013 Information Technology 1601.00 2.19% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 110.00 3.64% 27.03.2014 Industrials 252.00 4.76% 26.09.2013 Industrials 616.00 4.87% 26.09.2013 Industrials 101.00 Financials 168.00 4.76% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Materials 93.00 3.23% 27.03.2014 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 2623.00 3.66% 28.08.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 423.00 2.96% 28.08.2013 Consumer Staples 177.00 2.82% 27.03.2014 Consumer Staples 670.00 3.58% 26.06.2013 Materials 184.00 3.80% 26.09.2013 Materials 189.00 2.65% 26.12.2013 Industrials 58.00 1.72% 27.03.2014 Information Technology 915.00 4.37% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Information Technology 718.00 5.57% 26.09.2013 Industrials 551.00 1.81% 27.03.2014 Information Technology 2490.00 1.20% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Financials 404.00 Industrials 1062.00 2.26% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 218.00 2.29% 27.03.2014 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 212.00 2.83% 27.03.2014 Information Technology 475.00 4.21% 26.12.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Financials 2220.00 2.93% 26.09.2013 Consumer Discretionary 121.00 Information Technology 287.00 117.70 Industrials 1442.00 1.73% 28.05.2014 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Financials 561.00 5.35% 27.03.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Materials 381.00 3.41% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 89.00 3.37% 27.03.2014 Industrials 353.00 2.83% 26.09.2013 Consumer Discretionary 1213.00 1.57% 26.09.2013 Financials 1437.00 4.18% 26.09.2013 Information Technology 672.00 5.21% 26.09.2013 Industrials 200.00 4.00% 27.03.2014 Industrials 544.00 3.68% 26.09.2013 Industrials 1441.00 1.39% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 785.00 2.04% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Financials 220.00 2.27% 27.03.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 2482.00 1.61% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 721.00 4.89% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Information Technology 533.00 1.88% 29.01.2014 Financials 172.00 3.78% 26.09.2013 Industrials 403.00 1.74% 27.03.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 1216.00 2.47% 29.05.2013 Consumer Discretionary 154.00 1.62% 27.03.2014 Materials 167.00 3.59% 26.09.2013 Information Technology 821.00 2.44% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Materials 1008.00 3.08% 26.09.2013 Information Technology 889.00 2.25% 26.09.2013 Materials 169.00 4.44% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 331.00 4.83% 26.09.2013 Industrials 124.00 4.03% 26.12.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Consumer Discretionary 257.00 1.95% 26.12.2013 Industrials 1158.00 3.67% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Industrials 562.00 3.20% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... Materials 1351.00 2.81% 26.09.2013 Information Technology 506.00 2.96% 26.09.2013 #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data... #N/A Requesting Data...

45.10

45.17

45.30

-1.713 0.266

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.276

0.282

-0.038 0.001

0.001

0.002


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