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

Hang Seng (HSI Index) - This Butterfly Gives You Wings: Popular Option Strategies and Top Trades

EQD | Hong Kong Index Options Weekly - HSI and HSCEI Dec 30 – Jan 03

EQD | Tencent (700 HK) - Popular Option Strategies and Top Trades, Low Vola Presents Opportunity

EQD | Hong Kong Index Options Weekly - HSI and HSCEI December 23-27

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 implied move for January is less than what has been historically experienced. Twenty of the last 27 years have had price movement &gt; current implied move.</li>
<li>January punches above its weight in terms of both historic volatility (most volatile month) and the amount of price movement relative to that historic volatility.</li>
<li>January is one of the most volatility months of the year, only October having a higher average historic volatility</li>
</ul>


The implied move for January is less than what has been historically experienced. Twenty of the last 27 years have had price movement &gt; current implied move.
January punches above its weight in terms of both historic volatility (most volatile month) and the amount of price movement relative to that historic volatility.
January is one of the most volatility months of the year, only October having a higher average historic volatility


Hang Seng Index

EQD | HSI – Buy January Straddle