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

April Global Macro Volatility: Strong Price and Vol Seasonals

Nifty Index Options Weekly (Apr 01 – 04): Lowest Implied Vol Amid a Global Meltdown

NIFTY Index Rally Outlook After Trump's Tariffs PAUSE

Clifton Derivatives

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

Equity Derivatives

<ul>
<li>Weekly recap of volatility and price metrics, covering option volumes, volatility trends, the spot/implied relationship, and open interest.</li>
<li>Implied vol remained stable, and we discuss why it may be sticky at current levels.</li>
<li>With global weakness and the upcoming April 2 reciprocal tariffs announcement, we reiterate a tactical hedge.</li>
</ul>


Weekly recap of volatility and price metrics, covering option volumes, volatility trends, the spot/implied relationship, and open interest.
Implied vol remained stable, and we discuss why it may be sticky at current levels.
With global weakness and the upcoming April 2 reciprocal tariffs announcement, we reiterate a tactical hedge.


Nifty Index Options Weekly (Mar 24 – 28): Sticky Implied Vol and a Tactical Hedge Ahead of Tariffs