Does Option Trading Convey Stock Price Information?
After executing option orders, options market makers turn to the stock market to hedge away the underlying stock exposure. As a result, the stock exposure imbalance in option transactions translates into an imbalance in stock transactions. This paper decomposes the total stock order imbalance into a...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3607 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4606/viewcontent/DoesOptionTradingConveyStockPriceInformation.pdf |
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| Institution: | Singapore Management University |
| Language: | English |