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

Kospi: Rising Volatility and Early Warnings From a Seven-Month Surge

Hong Kong Single Stock Options Weekly (Nov 03–07): Growing Split Between Old and New Economy Sectors

Macro Markets and the U.S. Thanksgiving Effect: Shedding Light on Historical Patterns

Monthly Macro Markets (October): Diverging Volatility Trends Highlight Risk Sensitivity

Gold: Reviewing Five Decades of Bull Markets Against an Overextended Backdrop

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

<ul>
<li>Implied volatility rose across most markets in October, and a continuing trend in vol premium warrants attention.  </li>
<li>November has historically produced strong price returns and positive volatility premiums across global markets.</li>
<li>Implied volatility displays clustering across markets, with two distinct groupings beginning to take shape.</li>
</ul>


Implied volatility rose across most markets in October, and a continuing trend in vol premium warrants attention.  
November has historically produced strong price returns and positive volatility premiums across global markets.
Implied volatility displays clustering across markets, with two distinct groupings beginning to take shape.


Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

Macro Monthly (November): Rising Volatility, Positive Seasonals and a Concerning Trend

Hang Seng Index

Macro Monthly (November): Rising Volatility, Positive Seasonals and a Concerning Trend