haku: @author Easley, D. / yhteensä: 11
viite: 4 / 11
| Tekijä: | Easley, D. O'Hara, M. Srinivas, P. S. |
| Otsikko: | Option volume and stock prices: Evidence on where informed traders trade. |
| Lehti: | Journal of Finance
1998 : APR, VOL. 53:2, p. 431-465 |
| Asiasana: | SHARE PRICES STOCK MARKETS OPTION PRICES |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates the informational role of transactions volume in options markets. The authors develop an asymmetric information model in which informed traders may trade in option or equity markets. They show conditions under which informed traders trade options, and investigate the implications of this for the linkage between markets. Their main empirical result is that negative and positive option volumes contain information about future stock prices. |
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