Charoenwong, Charlie; Ding, David K.; Wang, Ping - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-27
Since the adoption of the SEC's Rule 10b-21 in 1988, many researchers have been concerned over the effectiveness of short sales constraints in preventing manipulative trading in the derivatives market. We analyze whether options can be used as synthetic short sale instruments to manipulate stock...
