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

Global Macro Outlook (July): Trump Volatility Playbook Offers Clues for July Positioning

Nikkei: Failed Breakout and Summer Seasonals Signal Opportunity

Nifty’s Summer Setup: Quiet Vol and Strong Price Seasonals

Kospi200: Where Implied Vol Stands After 33% Surge

Global Macro Outlook (June): From Rally to Reversal? Macro Trends Shift as June Unfolds

Heat Maps: Asia/Pacific Stocks and Commodities

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>We assess whether recent returns have been extreme and put yesterday’s sharp rally in context.</li>
<li>The evolution of volatility following past extreme states is examined.</li>
<li>Rationale for using optionality in this stretched price environment is outlined.</li>
</ul>


We assess whether recent returns have been extreme and put yesterday’s sharp rally in context.
The evolution of volatility following past extreme states is examined.
Rationale for using optionality in this stretched price environment is outlined.


Kospi200: Elevated Returns, Historical Extremes and Optionality Opportunity