This case is based on actual events from one of the author’s experiences as a U.S. Air Force Lieutenant, deployed to Kuwait in support of Operation ENDURING FREEDOM (Afghanistan Theater) and IRAQI FREEDOM (Iraq Theater). This case is about an ontological approach to leadership development....

We examine market efficiency before and after the 1987 Market Crash using the box spread strategy implemented with European-style S&P 500 Index (SPX) options. Before the Crash, apparent arbitrage opportunities were rare and simulated trades were unprofitable assuming a one-minute execution...

Existing empirical studies of the put-call parity condition report frequent, substantial violations. An important problem in interpreting these results is that these studies all investigate American options. While some of these studies attempt to reduce the effects of possible early exercise on...