Podolski, Edward J.; Truong, Cameron; Veeraraghavan, Madhu - In: Journal of International Financial Markets, … 27 (2013) C, pp. 286-305
We investigate the prevalence of informed options trading prior to takeover announcements, when the legal prohibition against insider trading is strictest. Although insider trading laws apply equally to the options and stock markets, the options market is considerably more transparent than the...