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

ICBC:  Signs of a Turnaround in Fund Positioning

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

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

HSI Index Options Weekly (Apr 14-17): Volatility Cools, But the Floor May Hold

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>An in-depth look at price patterns, implied vol, and the earnings implied jump compared to historical outcomes.</li>
<li>Based on ICBC’s historical post-earnings behavior and current implied vol levels, we recommend a hedge into the event.</li>
<li>We explore post-earnings moves that show a potentially exploitable pattern.</li>
</ul>


An in-depth look at price patterns, implied vol, and the earnings implied jump compared to historical outcomes.
Based on ICBC’s historical post-earnings behavior and current implied vol levels, we recommend a hedge into the event.
We explore post-earnings moves that show a potentially exploitable pattern.


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

ICBC (H)

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