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 | The Nikkei’s Wavering Trend: LONG Investors Should Brace For A Pullback.

EQD | Global Option Implied Volatility - From Nifty 50 to Bitcoin, Plus BTC-Bond Special

EQD | S&P/ASX 200 Index Option Strategy -Combining Record Low Volatility with Buy-The-Dip

EQD | Asia December Vol Roadmap - The Big Exhale

EQD | Hong Kong Index Options Weekly - HSI and HSCEI

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Price action has been mired in a sideways range since hitting these levels in Feb 2024.  Implied’s have come full circle and are at the same levels they were in Feb.</li>
<li>Option volumes over the past week look to be playing for a break above the sideways range of the last two months or a break below it.</li>
<li>Skew is very steep with heavy Put volumes and open interest at levels under the current range.</li>
</ul>


Price action has been mired in a sideways range since hitting these levels in Feb 2024.  Implied’s have come full circle and are at the same levels they were in Feb.
Option volumes over the past week look to be playing for a break above the sideways range of the last two months or a break below it.
Skew is very steep with heavy Put volumes and open interest at levels under the current range.


Hang Seng China Enterprises Index (HSCEI INDEX)

EQD | Nikkei Index Options Weekly - Dec 02 - 06

Nikkei 225

EQD | Nikkei Index Options Weekly - Dec 02 - 06