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| Lunar New Year: Do HSI, KOSPI, and FXI Follow a Pattern?

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>The lead up to Lunar New Year typically sees stronger than normal returns and last week was no exception with the strong rally continuing for both markets.</li>
<li>Price action was more volatile than has been seen lately pushing up short term historic volatility measures with 1M implieds +- 1point.</li>
<li>June 6000 Puts in HSCEI seeing continued trading interest at the June 27 expiry.</li>
</ul>


The lead up to Lunar New Year typically sees stronger than normal returns and last week was no exception with the strong rally continuing for both markets.
Price action was more volatile than has been seen lately pushing up short term historic volatility measures with 1M implieds +- 1point.
June 6000 Puts in HSCEI seeing continued trading interest at the June 27 expiry.


Hang Seng China Enterprises Index (HSCEI INDEX)

EQD | Hong Kong Index Options Weekly (HSI and HSCEI January 20-24): Seasonals Provide Tailwind

Hang Seng Index

EQD | Hong Kong Index Options Weekly (HSI and HSCEI January 20-24): Seasonals Provide Tailwind