The Valuation of Option Contracts and a Test of Market Efficiency
Title | The Valuation of Option Contracts and a Test of Market Efficiency PDF eBook |
Author | Der-Ann Hsu |
Publisher | |
Pages | 20 |
Release | 1975 |
Genre | Option (Contract) |
ISBN |
The Valuation of Vacant Land Option Contracts and a Test of Market Efficiency
Title | The Valuation of Vacant Land Option Contracts and a Test of Market Efficiency PDF eBook |
Author | James D. Shilling |
Publisher | |
Pages | 21 |
Release | 1985 |
Genre | Options (Finance) |
ISBN |
Option Pricing
Title | Option Pricing PDF eBook |
Author | Menachem Brenner |
Publisher | Free Press |
Pages | 264 |
Release | 1983 |
Genre | Business & Economics |
ISBN |
Theory of Rational Option Pricing
Title | Theory of Rational Option Pricing PDF eBook |
Author | Robert C Merton |
Publisher | Legare Street Press |
Pages | 0 |
Release | 2022-10-27 |
Genre | |
ISBN | 9781015784017 |
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Efficient Market Theory and Evidence
Title | The Efficient Market Theory and Evidence PDF eBook |
Author | Andrew Ang |
Publisher | Now Publishers Inc |
Pages | 99 |
Release | 2011 |
Genre | Business & Economics |
ISBN | 1601984685 |
The Efficient Market Hypothesis (EMH) asserts that, at all times, the price of a security reflects all available information about its fundamental value. The implication of the EMH for investors is that, to the extent that speculative trading is costly, speculation must be a loser's game. Hence, under the EMH, a passive strategy is bound eventually to beat a strategy that uses active management, where active management is characterized as trading that seeks to exploit mispriced assets relative to a risk-adjusted benchmark. The EMH has been refined over the past several decades to reflect the realism of the marketplace, including costly information, transactions costs, financing, agency costs, and other real-world frictions. The most recent expressions of the EMH thus allow a role for arbitrageurs in the market who may profit from their comparative advantages. These advantages may include specialized knowledge, lower trading costs, low management fees or agency costs, and a financing structure that allows the arbitrageur to undertake trades with long verification periods. The actions of these arbitrageurs cause liquid securities markets to be generally fairly efficient with respect to information, despite some notable anomalies.
Test of Market Efficiency of Gold Option Pricing Based on Put-call Parity Model
Title | Test of Market Efficiency of Gold Option Pricing Based on Put-call Parity Model PDF eBook |
Author | Wee Kwang Han |
Publisher | |
Pages | 90 |
Release | 1988 |
Genre | Hedging (Finance) |
ISBN |
Understanding Options
Title | Understanding Options PDF eBook |
Author | Rob Quail |
Publisher | John Wiley & Sons |
Pages | 420 |
Release | 1995-02-28 |
Genre | Business & Economics |
ISBN | 9780471085546 |
It's not hard to understand why options trading continues to growin popularity, especially among sophisticated investors with largestock portfolios. Options are a cheaper and therefore, inherentlyless risky way of speculating on the price movements of stocks orother under-lying goods, yet, due to their volatility, they providemore price action per dollar than do stocks. And, when traded inconjunction with stock portfolios, options can significantlyenhance an investor's ability to manipulate the risk and returncharacteristics of their entire investment. Yet, despite these andother advantages of options, many investors shy away from thishighly lucrative type of speculation because of the seemingimpenetrability of many of its underlying concepts and technicalprinciples. Now in a book that demystifies options for financial professionals,Professor Robert W. Kolb, one of the nation's leading authoritieson the subject, provides readers with a solid grounding in theprinciples and practices of options trading. An excellent resourcefor investors who need to quickly get up to speed in options,Understanding Options offers a balanced presentation that buildsswiftly from the most basic concepts and terms to advanced tradingstrategies and techniques. Written in plain English and filled withreal-life examples and case studies, it schools readers in: * All essential terms, concepts, principles, and practices * Popular trading techniques and their payoffs * Option strategies * Option hedging * Formal trading models, including the Binomial and Merton models * Options on stock indexes, foreign currency, and futures * Option pricing in both the American and European markets * The options approach to corporate securities * And much more Concise yet comprehensive, authoritative yet highly accessible,Understanding Options gives you everything you need to feel rightat home in the lucrative world of options. Comprehensive, practical, authoritative--the fastest, mostaccessible route to the lucrative world of options From the basics of what an option is to advanced techniques forprofiting from options in a variety of markets, UnderstandingOptions covers all the bases. Written by a leading internationalauthority on options trading, this practical, hands-on guide offersdetailed, step-by-step coverage of option trading techniques andtheir payoffs, option strategies, European and American optionpricing, option hedging, and much more. It also explores options onstock indexes, foreign currency, and futures, and takes a closelook at the options approach to corporate securities. A concise, yet comprehensive, introduction to options for financialprofessionals * Gets you quickly up and running with all the essential knowledgeyou need to break into the options markets * Featuring a balanced presentation that moves swiftly from basicterms and concepts to advanced trading models * Packed with easy-to-follow examples and case studies that lucidlyillustrate all points covered