One reason for the phenomenal success of options is the fact that they can be priced. Pricing usually means that there is an active and a liquid market with many buyers and sellers that generate a continuous flow of prices for a specific instrument. However, the pricing of options goes beyond...

Some studies show that the performance of option strategies with stock portfolios could depend on other factors or on market conditions. Benninga and Blume (1985) analyzed the optimality of portfolio insurance in complete and incomplete markets, and found that buying put option may be optimal...

Today mutual funds represent the most appropriate opportunity for most small investors. As financial markets become more sophisticated and complex, investors need a financial intermediary who provides the required knowledge and professional expertise on successful investing. It is no wonder then...