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>HSI weakness was tempered by a late-week rally, but market moving news kept single stock activity in focus.</li>
<li>Call trading continued to account for a large share of overall activity, with volume concentrated in the early part of the week.</li>
<li>Index and single stock implied vols continued to diverge, leaving average single stock vols looking elevated by comparison.</li>
</ul>


HSI weakness was tempered by a late-week rally, but market moving news kept single stock activity in focus.
Call trading continued to account for a large share of overall activity, with volume concentrated in the early part of the week.
Index and single stock implied vols continued to diverge, leaving average single stock vols looking elevated by comparison.


Industrial and Commercial Bank of China (1398 HK)

Hong Kong Single Stock Options Weekly June 08–12: Financials Lead, Vols Diverge, SPCX Debuts

Hang Seng Index

Hong Kong Single Stock Options Weekly June 08–12: Financials Lead, Vols Diverge, SPCX Debuts