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

Macro Vol Monthly - March:  Weakness Could Continue into Mid-March

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Sideways range finally breaks giving way to higher 1M implied vols, now above the 75th percentile.</li>
<li>Move lower potentially exacerbated by short gamma positions around the 38,000 strike.</li>
<li>Seasonals not favorable for Nikkei over the next two weeks.</li>
</ul>


Sideways range finally breaks giving way to higher 1M implied vols, now above the 75th percentile.
Move lower potentially exacerbated by short gamma positions around the 38,000 strike.
Seasonals not favorable for Nikkei over the next two weeks.


Nikkei Index Options Weekly (Feb 24 – 28): The Range Breaks

Nikkei 225

Nikkei Index Options Weekly (Feb 24 – 28): The Range Breaks