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

Nikkei: Assessing Implied Volatility and Market Expectations Into the Election

Hong Kong Single Stock Options Weekly (Feb 02 – 06): Tencent Options Activity Surges

Silver: Parabolic Advance Shaken in a Violent Friday Session

Silver: A Fifty-Year Perspective on Bull Markets and Sizing Up the Recent Correction

Gold Part 2: Implied Volatility Dynamics Offer Insight into the Tone of This Bull Market

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>February volatility dynamics differ meaningfully from January, with historical patterns offering a less supportive backdrop for volatility sellers across several major markets</li>
<li>Weakness into month end has been a recurring February feature, something to be mindful of following strong January gains.</li>
<li>Sharp late-month declines in precious metals prices may serve as a cautionary signal for Kospi investors.</li>
</ul>


February volatility dynamics differ meaningfully from January, with historical patterns offering a less supportive backdrop for volatility sellers across several major markets
Weakness into month end has been a recurring February feature, something to be mindful of following strong January gains.
Sharp late-month declines in precious metals prices may serve as a cautionary signal for Kospi investors.


Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)

Macro Monthly (February): Gold and Kospi Volatility Highlight Fragile Feb Backdrop