Option is a well-known financial derivative that attracts attention from investors and scholars,
due to its flexible investment strategies. In this paper, we sought to establish an option …

This article revisits the role of futures contracts in price discovery, studying one of the most
successful product debuts in derivatives markets, the Micro E-mini index futures. These …

We investigate the puzzle of why bid–ask spreads of options are so large by focussing on
the price impact component of the spread. We propose a structural vector autoregressive …

This study shows that previous findings of the superior performance of covered calls on the
S&P 500 are spurious because they ignore or dismiss skewness. While academics have …

We develop a multi-asset model to decompose informed trading into the components
concerning the underlying stock value and the volatility in equity options. We isolate the …

We examine whether tax-sensitive investors play a significant role in options markets by
examining whether option prices reflect investor taxes. Existing empirical option pricing …

The purpose of this study is to investigate the influence of Volatility, Uncertainty, Complexity,
and Ambiguity on Transformational Leadership. The world is changing. This is nothing new …

We propose a structural vector autoregressive (VAR) model of informed trading in option
markets to analyze whether investors use options to trade on private information about the …

The informed options trading hypothesis posits that option prices lead stock prices. In this
paper, we extended the research on this hypothesis to open-market share repurchases …

By employing the modified net buying pressure as a measure of informed option trading, this
study tested whether option trading around quarterly earnings announcements is either …