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

EQD | February Macro Vol Roadmap – Stay Alert to Trend Change in 2nd Half of Month

EQD| HSI Index Options Weekly (Feb 10-14): Reduce Positions with Short Volatility Edge

EQD| HSI: 99th Percentile 2-Week Move on Low Volatility. What’s Next?

Clifton Derivatives

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

Equity Derivatives

Korea Stock Exchange KOSPI 200 / Equity Derivatives

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

<ul>
<li>Very low volatility rally with Kospi up 2.63% but still 7% below the 52-week high.</li>
<li>Implied vols moving in opposition to the rally, dropping 1 point on the week.  </li>
<li>Call volumes rebounded significantly with the most active Call strike trading more than twice as much as the most active Put strike.</li>
</ul>


Very low volatility rally with Kospi up 2.63% but still 7% below the 52-week high.
Implied vols moving in opposition to the rally, dropping 1 point on the week.  
Call volumes rebounded significantly with the most active Call strike trading more than twice as much as the most active Put strike.


Kospi Index Options Weekly (February 10 – 14): Call Volumes Rebound