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

Hang Seng (HSI Index) - This Butterfly Gives You Wings: Popular Option Strategies and Top Trades

Clifton Derivatives

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

Event-Driven

<ul>
<li>For both HSI and HSCEI, average daily volumes were on par with prior week despite holidays.</li>
<li>Historic vols are still trending downward and are consistently uder implied vols. </li>
<li>Option volumes in both indices are being dominated by short expiries.</li>
</ul>


For both HSI and HSCEI, average daily volumes were on par with prior week despite holidays.
Historic vols are still trending downward and are consistently uder implied vols. 
Option volumes in both indices are being dominated by short expiries.


Hang Seng China Enterprises Index (HSCEI INDEX)

EQD | Hong Kong Index Options Weekly - HSI and HSCEI December 23-27

Hang Seng Index

EQD | Hong Kong Index Options Weekly - HSI and HSCEI December 23-27