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

Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

Sinopec (386) Earnings: Volatility Setup and Post-Release Price Behavior

ICBC (1398.HK) Earnings: Volatility Pricing, Post-Release Trade Setup & Tactical Hedge

Clifton Derivatives

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

Equity Derivatives

Hang Seng China Enterprises Index / Equity Derivatives

Hang Seng China Enterprises Index (HSCEI INDEX)

<ul>
<li>A weekly recap of volatility and price metrics, including option volumes, volatility trends, the spot/implied relationship, and open interest statistics.</li>
<li>Volatility pulled back but may have simply entered a holding pattern—parallels to stimulus induced rise and fall are explored.</li>
<li>Volumes dropped sharply from last week’s Call induced surge, as the market approached—but failed to clear—a key strike.</li>
</ul>


A weekly recap of volatility and price metrics, including option volumes, volatility trends, the spot/implied relationship, and open interest statistics.
Volatility pulled back but may have simply entered a holding pattern—parallels to stimulus induced rise and fall are explored.
Volumes dropped sharply from last week’s Call induced surge, as the market approached—but failed to clear—a key strike.


HSCEI Index Options Weekly (Apr 14-17): Key Strike Rejected, Volatility Recalibrates