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

EQD | February Macro Vol Roadmap – Stay Alert to Trend Change in 2nd Half of Month

EQD | Nifty Index Options Weekly (Jan 24 – 31): Second Longest Decline Since 2007

EQD | Asia January Vol Roadmap:    Outsized Moves, Outsized Volatility

Clifton Derivatives

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

Equity Derivatives

Korea Stock Exchange KOSPI 200 / Equity Derivatives

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

<ul>
<li>Implied vols rose 2.22 points in Monday’s sell off but round-tripped on the week, giving all the gains back by Friday. </li>
<li>Rough start to the week amid tariff talk, Kospi dropping 2.64%.</li>
<li>At this level we expect implied vol to remain more reactive to price shocks than we have seen over the past two months.</li>
</ul>


Implied vols rose 2.22 points in Monday’s sell off but round-tripped on the week, giving all the gains back by Friday. 
Rough start to the week amid tariff talk, Kospi dropping 2.64%.
At this level we expect implied vol to remain more reactive to price shocks than we have seen over the past two months.


EQD | Kospi Index Options Weekly (February 03 – 07): Implied Vol Does a Roundtrip