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>A detailed analysis of the earnings implied jump in Nike options compared to historical outcomes.</li>
<li>Post-Earnings price movements are examined to assess directional tendencies and magnitude based on beats and misses.</li>
<li>The third quarter stands out for the size of earnings-day moves, while earnings misses have shown a distinct post-earnings performance trend.</li>
</ul>


A detailed analysis of the earnings implied jump in Nike options compared to historical outcomes.
Post-Earnings price movements are examined to assess directional tendencies and magnitude based on beats and misses.
The third quarter stands out for the size of earnings-day moves, while earnings misses have shown a distinct post-earnings performance trend.


NIKE Q3 Earnings: Options Market Expectations and Post-Earnings Trends