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

Kospi200: Rally Enters Rare Territory With History Urging Caution

Kospi200: Changing Volatility Regime and Practical Hedging Approaches

Hong Kong Single Stock Options Weekly (Mar 02–06): HSI Slides, Option Volume Jumps, CNOOC Stands Out

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>Kospi had outsized gains again with its second consecutive month of &gt; 20% gains and a large increase in implied vol.</li>
<li>Vol sellers faced a tougher backdrop as realized volatility challenged implied levels across several key markets.</li>
<li>March seasonality has shown an historically consistent pattern across markets.</li>
</ul>


Kospi had outsized gains again with its second consecutive month of &gt; 20% gains and a large increase in implied vol.
Vol sellers faced a tougher backdrop as realized volatility challenged implied levels across several key markets.
March seasonality has shown an historically consistent pattern across markets.


Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)

Macro Monthly (March): Kospi Dislocation, Nifty’s Seasonal Edge