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

Kospi200: Elevated Returns, Historical Extremes and Optionality Opportunity

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Upper House elections are drawing increased scrutiny due to heightened focus on fiscal finances.</li>
<li>We examine how risk is being priced across Japanese markets and in particular in Nikkei225 options.</li>
<li>Volatility risk appears asymmetric, and we outline ways to mitigate or potentially profit from it.</li>
</ul>


Upper House elections are drawing increased scrutiny due to heightened focus on fiscal finances.
We examine how risk is being priced across Japanese markets and in particular in Nikkei225 options.
Volatility risk appears asymmetric, and we outline ways to mitigate or potentially profit from it.


Nikkei225 and Election: Hedging Activity and Implieds Flag Opportunity

Nikkei 225

Nikkei225 and Election: Hedging Activity and Implieds Flag Opportunity