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

Macro Markets and the U.S. Thanksgiving Effect: Shedding Light on Historical Patterns

Macro Monthly (November): Rising Volatility, Positive Seasonals and a Concerning Trend

Gold Part 2: Implied Volatility Dynamics Offer Insight into the Tone of This Bull Market

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 recovered from last week’s sharp drop, helped by stronger breadth and steady but slower activity ahead of the U.S. holiday.</li>
<li>Implied vols were broadly lower against the back drop of quiet market action.</li>
<li>Materials sector names, with high implied percentiles and recent vol declines, may offer useful starting points for short vol candidates.</li>
</ul>


HSI recovered from last week’s sharp drop, helped by stronger breadth and steady but slower activity ahead of the U.S. holiday.
Implied vols were broadly lower against the back drop of quiet market action.
Materials sector names, with high implied percentiles and recent vol declines, may offer useful starting points for short vol candidates.


Hong Kong Single Stock Options Weekly (Nov 24 – 28): Broad Decline in Implied Vol

Hang Seng Index

Hong Kong Single Stock Options Weekly (Nov 24 – 28): Broad Decline in Implied Vol