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

Hong Kong Single Stock Options Weekly (Aug 11 – 15): Market Breadth Expands, Options Activity Grows

Hang Seng Index (HSI) Outlook Ahead of Sep25 Rebalance

Xiaomi: Sentiment Surges, Option Market Signals Overreach

Hong Kong Single Stock Options Weekly (June 23 – 27): Breadth Snaps Back and Option Volumes Surge

Xiaomi (1810 HK) - Launch Event Takeaways: YU7, AI Glasses, MIX Flip 2

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>The setup for this earnings release is interesting as Xiaomi has underperformed HSI since the end of June.</li>
<li>Xiaomi’s Q2 earnings setup features low vols a strong beat record and interesting Q2 dynamics.</li>
<li>Implied vol sits near historic lows despite the approaching earnings. </li>
</ul>


The setup for this earnings release is interesting as Xiaomi has underperformed HSI since the end of June.
Xiaomi’s Q2 earnings setup features low vols a strong beat record and interesting Q2 dynamics.
Implied vol sits near historic lows despite the approaching earnings. 


Xiaomi (1810.HK) Q2 Earnings: Setup Features Low Volatility and Recent Underperformance