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

Clifton Derivatives

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

Event-Driven

<ul>
<li>Price jump on Wednesday led implied vol higher but vols were otherwise soft with passing of key events in November.</li>
<li>Large jump in option activity on Wednesday was likely due to positions being closed out as open interest declined for both Puts and Calls on the week.</li>
<li>HSCEI has more support for implied vols at these levels with short term historic vols trading above 1M implied vol. </li>
</ul>


Price jump on Wednesday led implied vol higher but vols were otherwise soft with passing of key events in November.
Large jump in option activity on Wednesday was likely due to positions being closed out as open interest declined for both Puts and Calls on the week.
HSCEI has more support for implied vols at these levels with short term historic vols trading above 1M implied vol. 


Hang Seng China Enterprises Index (HSCEI INDEX)

EQD | Hong Kong Index Options Weekly - HSI and HSCEI Nov 25-29

Hang Seng Index

EQD | Hong Kong Index Options Weekly - HSI and HSCEI Nov 25-29