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>Weak breadth and uneven daily price action kept the tone heavy as Hong Kong equities continued to struggle for momentum in the shadow of Xi-Trump.</li>
<li>Hong Kong’s implied volatility divergence mirrors a broader pattern also appearing across other major indexes and their constituents.</li>
<li>Call participation remained unusually strong through most of the week as overall single stock option activity edged higher.</li>
</ul>


Weak breadth and uneven daily price action kept the tone heavy as Hong Kong equities continued to struggle for momentum in the shadow of Xi-Trump.
Hong Kong’s implied volatility divergence mirrors a broader pattern also appearing across other major indexes and their constituents.
Call participation remained unusually strong through most of the week as overall single stock option activity edged higher.


Victory Giant Technology (HuiZhou) (2476 HK)

Hong Kong Single Stock Options Weekly Sept 21–25: Volatility Divergence Deepens Across the Market

Hang Seng Index

Hong Kong Single Stock Options Weekly Sept 21–25: Volatility Divergence Deepens Across the Market