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

NVDA Earnings Preview (Feb 25): Tactical Levels and Implied Range

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Ahead of Q4 earnings, we analyze implied volatility, earnings reactions, and seasonal patterns to assess how the options market is positioned.</li>
<li>Seasonal analysis highlights distinct fourth quarter behavior, including wider dispersion in post-earnings returns and larger absolute moves. </li>
<li>We find a pattern of continued momentum after very strong earnings day price moves. </li>
</ul>


Ahead of Q4 earnings, we analyze implied volatility, earnings reactions, and seasonal patterns to assess how the options market is positioned.
Seasonal analysis highlights distinct fourth quarter behavior, including wider dispersion in post-earnings returns and larger absolute moves. 
We find a pattern of continued momentum after very strong earnings day price moves. 


NVDA Q4 Earnings Setup: Historically Strong Q4 Moves and Soft Vol Pricing

NVIDIA Corp

NVDA Q4 Earnings Setup: Historically Strong Q4 Moves and Soft Vol Pricing