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

USA Against ROW: Trends in Global Market Leadership

Global Markets: Why This Sell-Off Is Different and What It Signals

SP500: Friday Sell-Offs, the VIX, and a Bit of 1987

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>A shortened trading week masks the true extent of the HSI sell-off, with global markets down sharply Thursday and Friday</li>
<li>We use related indexes and historical relationships to estimate Monday’s price change and 1M implied vol for HSI.</li>
<li>Put activity surged, with heavy interest at the 19,600 strike potentially adding pressure to price and vol on Monday.</li>
</ul>


A shortened trading week masks the true extent of the HSI sell-off, with global markets down sharply Thursday and Friday
We use related indexes and historical relationships to estimate Monday’s price change and 1M implied vol for HSI.
Put activity surged, with heavy interest at the 19,600 strike potentially adding pressure to price and vol on Monday.


HSI Index Options Weekly (Mar 31-Apr 03): Global Meltdown, What to Expect on Monday

Hang Seng Index

HSI Index Options Weekly (Mar 31-Apr 03): Global Meltdown, What to Expect on Monday