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 | Asia January Vol Roadmap:    Outsized Moves, Outsized Volatility

EQD | Kospi Index Options Weekly -  January 06 - 10

EQD | Nikkei Index Options Weekly - January 06 - 10

EQD | Kospi Index Options Weekly - December 23 - 27

EQD | Nikkei Index Options Weekly - December 23 - 27

EQD | Asia December Vol Roadmap - The Big Exhale

Clifton Derivatives

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

Equity Derivatives

Korea Stock Exchange KOSPI 200 / Equity Derivatives

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

<ul>
<li>The implied move for January is less than what has been historically experienced. Sixteen of the last 26 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>Trades at the current implied move historically would have been winners 61.5% of the time with the average winner being more than double the average loser. </li>
</ul>


The implied move for January is less than what has been historically experienced. Sixteen of the last 26 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.
Trades at the current implied move historically would have been winners 61.5% of the time with the average winner being more than double the average loser. 


EQD | KOSPI 200 Index – Buy January Straddle