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>Hong Kong equities weakened sharply, with the decline from the highs approaching 20% in stark contrast to global indexes</li>
<li>Single stock option activity picked up meaningfully as Put trading increased and Call share moved toward the lower end of its range.</li>
<li>Implied vols were sharply higher across the board as market weakness drove a broad repricing of single stock volatility.</li>
</ul>


Hong Kong equities weakened sharply, with the decline from the highs approaching 20% in stark contrast to global indexes
Single stock option activity picked up meaningfully as Put trading increased and Call share moved toward the lower end of its range.
Implied vols were sharply higher across the board as market weakness drove a broad repricing of single stock volatility.


SMIC (Semiconductor Manufacturing International Corp) (981 HK)

SMIC (Semiconductor Manufacturing International Corp)

Hong Kong Single Stock Options Weekly June 22–26: Option Volumes Jump on Continued Market Weakness

Hang Seng Index

Hong Kong Single Stock Options Weekly June 22–26: Option Volumes Jump on Continued Market Weakness