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>Extended range contraction highlights a calm backdrop that stands out historically against muted implied volatility.</li>
<li>Quiet index behavior alongside rising dispersion suggests conditions may favor stock specific strategies over broad market trades.</li>
<li>Shifts in option volume highlight where investor attention is building, offering clues about where risk is being actively expressed.</li>
</ul>


Extended range contraction highlights a calm backdrop that stands out historically against muted implied volatility.
Quiet index behavior alongside rising dispersion suggests conditions may favor stock specific strategies over broad market trades.
Shifts in option volume highlight where investor attention is building, offering clues about where risk is being actively expressed.


Hong Kong Single Stock Options Weekly (Jan 12 – 16): Single Stocks Stir Beneath a Range Bound HSI

Hang Seng Index

Hong Kong Single Stock Options Weekly (Jan 12 – 16): Single Stocks Stir Beneath a Range Bound HSI