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

EQD | Hong Kong Single Stock Options Weekly Dec 02 - 06

EQD | Asia December Vol Roadmap - The Big Exhale

EQD | Hong Kong Index Options Weekly - HSI and HSCEI

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

Hang Seng China Enterprises Index (HSCEI INDEX)

<ul>
<li>Although vols have stabilized this week both HSI and HSCEI are still trading about 3-4 vol above where they were pre-stimulus and are still not monetizing.</li>
<li>Strong price action this wek helped keep a floor under implied vols. </li>
<li>Positions were added in both HSI and HSCEI with demand tilted towards up-strike Calls given the rally on the week.</li>
</ul>


Although vols have stabilized this week both HSI and HSCEI are still trading about 3-4 vol above where they were pre-stimulus and are still not monetizing.
Strong price action this wek helped keep a floor under implied vols. 
Positions were added in both HSI and HSCEI with demand tilted towards up-strike Calls given the rally on the week.


EQD | Hong Kong Index Options Weekly - HSI and HSCEI Dec 02-06, Sell HSCEI Vol