Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Ex-Portfolio Manager with over 25 years of derivatives experience across products and geographies. Specializing in all things Vol - Relative Value volatility trading, Cross-Asset volatility strategies and event handicapping and trading. Develops own proprietary trading tools and analysis.  
Previously: Options Specialist and Market Maker at BMO, Managing Director Global Equity Derivatives at TDS. Most recently, Portfolio Manager of volatility portfolio at Polar Aset Management Partners (> $USD 7 billion multi-strategy hedge fund) focusing on cross-asset relative value volatility and derivative fund overlays.

Equity Derivatives and Volatility Specialist

Hong Kong Single Stock Options Weekly (Mar 16–20): Call Volumes Elevated Ahead Of Busy Earnings Week

Tencent (700.HK) Earnings Preview: Volatility Backdrop, Implied Jump and Post-Release Price Behavior

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Alibaba reports this week with the options market implying a more moderate move relative to recent earnings reactions. This Insight reviews the volatility backdrop, historical earnings reactions, and post-earnings trends.</li>
<li>Recent earnings history highlights a pattern of larger-than-expected moves despite a typically benign seasonal quarter</li>
<li>Post-Earnings performance shows a tendency for directional follow-through beyond the initial reaction.</li>
</ul>


Alibaba reports this week with the options market implying a more moderate move relative to recent earnings reactions. This Insight reviews the volatility backdrop, historical earnings reactions, and post-earnings trends.
Recent earnings history highlights a pattern of larger-than-expected moves despite a typically benign seasonal quarter
Post-Earnings performance shows a tendency for directional follow-through beyond the initial reaction.


Alibaba (9988.HK) Earnings Preview: Historical Reactions Suggest Upside to Implied Move