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

HSI Index Options Weekly (March 10-14): Flat Week but Still and Strong Relative Performer

HSCEI Index Options Weekly (March 10-14): A Tactical Hedge as Relative Outperformance Continues

Hong Kong Single Stock Options Weekly (March 10 – 14): Sentiment Shifts, Option Volumes Cool

HSI Index Options Weekly (March 03-07): Alibaba’s Breakout and Policy Support Boost HSI

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 has surged past SPX, but past instances of strong outperformance have often preceded reversals. We examine key historical trends.</li>
<li>The YTD divergence between HSI and SPX calls into question whether this is another temporary rally or the start of a new trend.</li>
<li>We highlight some key hedging strategies to manage risk in this evolving market dynamic.</li>
</ul>


HSI has surged past SPX, but past instances of strong outperformance have often preceded reversals. We examine key historical trends.
The YTD divergence between HSI and SPX calls into question whether this is another temporary rally or the start of a new trend.
We highlight some key hedging strategies to manage risk in this evolving market dynamic.


HSI Outpaces SPX — Structural Break or Head Fake? Strategies for Hedging

Hang Seng Index

HSI Outpaces SPX — Structural Break or Head Fake? Strategies for Hedging