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 | Samsung Electronics – How to Position Amid a Plethora of Catalysts

2025 High Conviction: Samsung Electronics

Samsung Electronics: A Massive 10 Trillion Won Share Buyback Program

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 Index / Equity Derivatives

Korea Stock Exchange Kospi Index (KOSPI INDEX)

<ul>
<li>Kospi rebounds from weak performance at the start the week to finish essentially unchanged.</li>
<li>1M implied vol came off 2.3 points and is now at the 22nd percentile over the past year.</li>
<li>Thursday’s 1.44% gain saw overwhelming Call activity with 3.6 Calls trading for every Put.</li>
</ul>


Kospi rebounds from weak performance at the start the week to finish essentially unchanged.
1M implied vol came off 2.3 points and is now at the 22nd percentile over the past year.
Thursday’s 1.44% gain saw overwhelming Call activity with 3.6 Calls trading for every Put.


Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

EQD | Kospi Index Options Weekly (January 13 – 17): Heavy Call Volume on Thursday’s Gain.