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

HSCEI Index Options Weekly (Feb 17-21): Implied Vol Weak Despite Rally

Hong Kong Single Stock Options Weekly (February 17 – 21): Option Volumes Surge as Rally Narrows

EQD| HSI: 99th Percentile 2-Week Move on Low Volatility. What’s Next?

Alibaba – How to Position Post Earnings Amid Sticky Volatility

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>The scorching rally continues with Alibaba saving a lackluster week with huge earnings driven move on Friday.  </li>
<li>Implied vols are in the 85th percentile and struggling to move higher with spot.</li>
<li>Third week in a row where Call volume as a percent of total slipped indicating that buying fatigue might be setting in.</li>
</ul>


The scorching rally continues with Alibaba saving a lackluster week with huge earnings driven move on Friday.  
Implied vols are in the 85th percentile and struggling to move higher with spot.
Third week in a row where Call volume as a percent of total slipped indicating that buying fatigue might be setting in.


HSI Index Options Weekly (Feb 17-21): Alibaba Reignites Momentum

Hang Seng Index

HSI Index Options Weekly (Feb 17-21): Alibaba Reignites Momentum