high information asymmetry. This rebalancing causes a substitution in ownership away from the investors who induce …

We document both theoretically and empirically a major dependence in both the Information Shares (IS) and Component …. We then introduce accurate inversion methods that result in a major increase in the information shares of option markets … for both IS and CS metrics compared to the dominant Lagged Implied Volatility inversion method. We apply these insights by …

by informed traders increases pricing efficiency, with prices more closely approximating their information …

, but noisy, information about (i) the timing of the announcement and (ii) its impact on stock prices. Our theoretical …

noisy, information about the timing and impact of these announcements on stock prices. We propose a framework that ranks … corporate events to support that event-specific information signals are informative for announcement returns and that they …

private information. This suggests that economists' inability to explain asset price movements is the result of either noise …