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

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Beneath a steady index, internal rotation and dispersion continue to shape the market tone. A visible divide is emerging between hard asset sectors and technology-related names.</li>
<li>Weekday return patterns offer useful context, even if they ultimately qualify as data mining.</li>
<li>Volatility is starting to percolate beneath the surface even as implied vols soften on the week.</li>
</ul>


Beneath a steady index, internal rotation and dispersion continue to shape the market tone. A visible divide is emerging between hard asset sectors and technology-related names.
Weekday return patterns offer useful context, even if they ultimately qualify as data mining.
Volatility is starting to percolate beneath the surface even as implied vols soften on the week.


China National Building Material (3323 HK)

Hong Kong Single Stock Options Weekly (Feb 23 – 27): Muted Index, Undercurrents Building

Hang Seng Index

Hong Kong Single Stock Options Weekly (Feb 23 – 27): Muted Index, Undercurrents Building