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

Global Macro Outlook (September): Cheap Vols Meet Seasonal Weakness Across Key Assets

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Market breadth remained weak as option activity slowed and speculation concerns lingered around speculative trading.</li>
<li>Option demand cooled, led by waning interest in Calls, while heavyweights in Consumer Discretionary kept overall volumes supported.</li>
<li>Trading momentum slowed, but sector heavyweights maintained dominance, with implied vols drifting lower across much of the market.</li>
</ul>


Market breadth remained weak as option activity slowed and speculation concerns lingered around speculative trading.
Option demand cooled, led by waning interest in Calls, while heavyweights in Consumer Discretionary kept overall volumes supported.
Trading momentum slowed, but sector heavyweights maintained dominance, with implied vols drifting lower across much of the market.


Hong Kong Single Stock Options Weekly (Sep 01–05): Option Activity Eases, Speculation In Focus

Hang Seng Index

Hong Kong Single Stock Options Weekly (Sep 01–05): Option Activity Eases, Speculation In Focus