literature suggests that even in the absence of any ability to predict returns, holding options positions on the benchmark assets …. The enhancement from holding options can be substantial if the implied volatilities of the options are higher than the …

, predictable, and options appear calibrated to incorporate information about future jumps in all three markets. …

discrepancy between the IV smiles for levered and unlevered ETF options. We construct bootstrap uniform confidence bands which … options which possibly have a positive value at the point of creation and non-negative value at the expiration time. An … ETF options to construct theoretical one-step-ahead implied volatility surfaces. The codes used to obtain the results in …

in hedging, including forward contracts, futures, swaps and options. It also introduces the hedging strategies used on … thesis, future works can be done in the field that connect the information valuation and energy hedging by changing the …

on bundles of goods. We model each individual auction as a second-price (Vickrey) auction and propose an options … uncoordinated market participation, this options-based approach solves the sequential auction problem and provides truthful bidding …

efficiency of the system, and in so doing limit the revenue potential for sellers. This paper proposes a novel options … analysis of eBay provides a basis for computer simulations that investigate the market effects of the options-based scheme, and … demonstrates that the options-based scheme provides greater efficiency than eBay, while also increasing seller revenue. …

is less likely to be bailed out, the effect on upstream profits is ambiguous while consumers loose. Options are less … welfare increasing than forwards, but the difference is minimal. In the presence of bankruptcy, options are the preferred …