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 remains well below its August high despite a relatively modest weekly decline, while breadth across the optionable universe stayed soft.</li>
<li>MiniMax dominated option trading throughout the week, accounting for much of the activity among the busiest contracts.</li>
<li>Index implied volatility has firmed during September but remains subdued on a longer-term basis as the single stock spread continues to normalize.</li>
</ul>


HSI remains well below its August high despite a relatively modest weekly decline, while breadth across the optionable universe stayed soft.
MiniMax dominated option trading throughout the week, accounting for much of the activity among the busiest contracts.
Index implied volatility has firmed during September but remains subdued on a longer-term basis as the single stock spread continues to normalize.


Hong Kong Single Stock Options Weekly Sept 14–18: MiniMax Option Volumes Surge

Hang Seng Index

Hong Kong Single Stock Options Weekly Sept 14–18: MiniMax Option Volumes Surge