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.

Equity Derivatives

<ul>
<li>Recent performance and legal overhangs make this quarter interesting and more unpredictable.</li>
<li>We provide a detailed analysis of price patterns, implied vol and the earnings implied jump in GOOGL options compared to historical outcomes.</li>
<li>The implied move looks rich relative to long-term averages—but more in line with recent quarters.</li>
</ul>


Recent performance and legal overhangs make this quarter interesting and more unpredictable.
We provide a detailed analysis of price patterns, implied vol and the earnings implied jump in GOOGL options compared to historical outcomes.
The implied move looks rich relative to long-term averages—but more in line with recent quarters.


GOOGL Earnings: Volatility Setup and Post-Release Price Behavior

Alphabet

GOOGL Earnings: Volatility Setup and Post-Release Price Behavior