Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

Hang Seng China Enterprises Index / Equity Derivatives

<ul>
<li>Brutal start to the week, with the holiday-shortened calendar and continued global weakness weighing on Monday’s open.</li>
<li>Implied vol surged early, with skew steepening and tail demand reflected in out-of-the-money Put pricing</li>
<li>We highlight significant activity at the 8,000 strike and its implications for near-term spot and vol dynamics.</li>
</ul>


Brutal start to the week, with the holiday-shortened calendar and continued global weakness weighing on Monday’s open.
Implied vol surged early, with skew steepening and tail demand reflected in out-of-the-money Put pricing
We highlight significant activity at the 8,000 strike and its implications for near-term spot and vol dynamics.


HSCEI Index Options Weekly (Apr 7-11): Vol Reset, Skew Reprices, and 8,000 Strike in Focus

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Happy Sunday from Copenhagen, if I am allowed to say that after a horrendous week in markets.</li><li>Markets are heading into a tense week as the U.S.-China trade tensions escalate and Europe appears poised to introduce digital tariffs — likely targeting the Magnificent 7 — in response to Trump’s proposed tariff agenda.</li><li>By late Friday, the U.S. dollar surged sharply, accompanied by early signs of capitulation in traditional safe-haven assets like gold and Treasuries.</li></ul>

Happy Sunday from Copenhagen, if I am allowed to say that after a horrendous week in markets.Markets are heading into a tense week as the U.S.-China trade tensions escalate and Europe appears poised to introduce digital tariffs — likely targeting the Magnificent 7 — in response to Trump’s proposed tariff agenda.By late Friday, the U.S. dollar surged sharply, accompanied by early signs of capitulation in traditional safe-haven assets like gold and Treasuries.

Steno Signals #192 – A March 2020 style reset. Is this a liquidity event?

<ul><li>A wave of growth-negative news has rolled in since the weekend.</li><li>Trump is reportedly furious with Putin and is now considering secondary tariffs on Russian oil—an escalation that would weigh on global growth.</li><li>Meanwhile, there’s no clear path to peace in Ukraine, with Russia holding the cards and continuing to gain ground, adding further geopolitical drag.</li></ul>

A wave of growth-negative news has rolled in since the weekend.Trump is reportedly furious with Putin and is now considering secondary tariffs on Russian oil—an escalation that would weigh on global growth.Meanwhile, there’s no clear path to peace in Ukraine, with Russia holding the cards and continuing to gain ground, adding further geopolitical drag.

Steno Signals #191: Meowing at Robots Ahead of Liberation Day!

Korea Stock Exchange KOSPI 200 / Equity Derivatives

<ul>
<li>Volatility percentiles are flashing red, and we explore what recent price action could signal for the week ahead.</li>
<li>Implied vol rose meaningfully, approaching historical extremes, with more pressure likely as the week begins.</li>
<li>Options hedge adjustments are discussed following a strong move in both price and vol.</li>
</ul>


Volatility percentiles are flashing red, and we explore what recent price action could signal for the week ahead.
Implied vol rose meaningfully, approaching historical extremes, with more pressure likely as the week begins.
Options hedge adjustments are discussed following a strong move in both price and vol.


Kospi Index Options Weekly (Mar 31 – Apr 4): Rising Vol, Local and Global Political Undercurrents

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Cross Asset Strategy

<ul><li>Podcast delayed, markets rebounded last week, led by news of reduced impact of Trump's tariffs</li><li>Fed slowed pace of quantitative tightening, reducing pressure on treasury market liquidity</li><li>Bitcoin and gold prices fluctuate, Chinese stocks rebound, DAX up 20% year to date, US equities impacted by tariffs and job losses</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Podcast delayed, markets rebounded last week, led by news of reduced impact of Trump's tariffsFed slowed pace of quantitative tightening, reducing pressure on treasury market liquidityBitcoin and gold prices fluctuate, Chinese stocks rebound, DAX up 20% year to date, US equities impacted by tariffs and job lossesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Tariffs, Tapering, and Tectonic Shifts: Markets Brace for April | The New Barbarians #013

United States

The US dollar is the official currency of the United States of America.

Price Gauge
52-week Range	0.00 - 0.00
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USD (USD CURNCY)

HSCEI Index Options Weekly (Apr 7-11): Vol Reset, Skew Reprices, and 8,000 Strike in Focus

Global weakness and a holiday-shortened week led to a brutal start on Monday, with increased implied volatility and significant activity at the...

John Ley

Steno Signals #192 – A March 2020 style reset. Is this a liquidity event?

Happy Sunday from Copenhagen, if I am allowed to say that after a horrendous week in markets. Markets are heading into a tense week as the...

Steno Research

Steno Signals #191: Meowing at Robots Ahead of Liberation Day!

A wave of growth-negative news has rolled in since the weekend. Trump is reportedly furious with Putin and is now considering secondary tariffs on...

Steno Research

Kospi Index Options Weekly (Mar 31 – Apr 4): Rising Vol, Local and Global Political Undercurrents

We discuss how trading could unfold on Monday, the adjustment of a hedge recommendation and why recent price action hardens our conviction that...

John Ley

Tariffs, Tapering, and Tectonic Shifts: Markets Brace for April | The New Barbarians #013

Due to market volatility, the podcast will be delayed, with stocks rebounding last week and continuing to rise today, especially with the Dow up...

William Mann

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HSCEI Index Options Weekly (Apr 7-11): Vol Reset, Skew Reprices, and 8,000 Strike in Focus

​Global weakness and a holiday-shortened week led to a brutal start on Monday, with increased implied volatility and significant activity at the...

John Ley

Steno Signals #192 – A March 2020 style reset. Is this a liquidity event?

Happy Sunday from Copenhagen, if I am allowed to say that after a horrendous week in markets. Markets are heading into a tense week as the...

Steno Research

Steno Signals #191: Meowing at Robots Ahead of Liberation Day!

A wave of growth-negative news has rolled in since the weekend. Trump is reportedly furious with Putin and is now considering secondary tariffs on...

Steno Research

Kospi Index Options Weekly (Mar 31 – Apr 4): Rising Vol, Local and Global Political Undercurrents

We discuss how trading could unfold on Monday, the adjustment of a hedge recommendation and why recent price action hardens our conviction that...

John Ley

Tariffs, Tapering, and Tectonic Shifts: Markets Brace for April | The New Barbarians #013

Due to market volatility, the podcast will be delayed, with stocks rebounding last week and continuing to rise today, especially with the Dow up...

William Mann

Global weakness and a holiday-shortened week led to a brutal start on Monday, with increased implied volatility and significant activity at the...