A high option-to-stock volume ratio (O/S) is a significant indicator that a firm will become a takeover target. The magnitude with which O/S predicts takeover targets is smaller after the enactment of Regulation Fair Disclosure, which sought to reduce selective disclosure of nonpublic ...
We use data on signed option volume to study which components of option volume predict stock returns and resolve the seemingly inconsistent results in the literature. We find no evidence that trades related to synthetic short positions in the underlying stocks contain more information than trad...
主要分成两种,1 Insurance strategies, 2 Speculation strategies, 这部分内容需要把各种组合给记下来,所以我的重点是如果巧妙记住这些知识点。 Insurance strategies: 按照这个表由左到右结合call 和put 的 payoff 图去记,在同一个图里,先画option,后画stock,最后结合在一起就是strategies的payoff图了 接下来是各种s...
In the first paper, I examine the behavior of target firms' option-to-stock volume ratio (O/S) in the time surrounding an acquisition announcement. I find that a high option-to-stock volume ra... M Shafer 被引量: 0发表: 2013年 Option market activity and risk neutral density deformation...
If you buy an option to buy, which is known as a call, you pay a one-time premium that's a fraction of the cost of buying the underlying instrument. For example, when a particular stock is trading at $75 a share, you might buy a call option giving you the right to buy 100 shar...
ai think we will share. 我认为我们将分享。[translate] a(a) 塔斯铁路 may exercise an option to purchase additional rolling stock at the prices nominated in the table below. (a) 塔斯铁路也许行使购买选择权另外的全部车辆以在桌里提名的价格如下。[translate]...
highoptiontradingvolume.Forthe7.5% (92.5%)ofweekswiththehighest(lower)ratioofoptionvolumetostock volume,theaverageweeklyreturnof28large-capstockswithactively tradedoptionsis0.83%(0.14%)duringoptionexpirationweekoverthe period1996-2008,withaverageweeklyreturnvolatility4.87%(4.64%)and weeklySharperatio1.25(0.11...
This stock option calculator computes can compute up to eight contracts and one stock position, which allows you to pretty much chart most of the stock options strategies. A long call is a net debit position (i.e. the trader pays money when entering the trade). The position profits when ...
An organized securities exchange, the primary purpose of which is to provide a location and framework for trading standardized option contracts. An option exchange handles its trading much as a stock exchange handles its trading in stocks and bonds. Until 1973, with the opening of the Chicago Boa...
In the last hedge ratio calculation, both put options are in the money (p–+ and p– –). In this case, the hedge ratio will be –1, subject to a rounding error. We now turn to interpreting the model’s component terms. Based on the no- arbitrage approach, we have for the call...