Documenting spread and combination trading in a major options market for the first time, we
find that spreads and combinations collectively account for over 55% of large trades (trades …

Despite the fact that they are heavily traded, discussed in every derivatives text, and necessary
to aligning implied volatilities with volatility expectations, volatility trades such as straddles…

Although the academic literature has long argued that discounted cash flow methods are
superior to other capital budgeting rules, these methods have only fairly recently come into …

Based on data on options on Eurodollar futures, the design and trading of vertical spreads (aka
bull and bear spreads) are examined. Reducing the cost and/or increasing the profit …

Ratio spreads in which one buys X calls (or puts) at one strike and sells Y calls (puts) at a
different strike where YX are among the most actively traded option combinations yet are only …

Can you give an example of wrong-way risk? Are you confident of the distinctions between
operating risk, operational risk, and operations risk? Can you define and distinguish between …

As the Cordilleran and Laurentide Ice Sheets retreated, North America was colonized by
human populations; however, the spatial patterns of subsequent population growth are unclear. …

How accurately can final-year students majoring in statistics, physics, and finance label the
vertical axis of a normal distribution, explain their label, identify units, and answer a question …

Based on data on options on Eurodollar futures, the trading and design of vertical spreads (aka
bull and bear spreads) are examined. Reducing the cost and/or increasing the likelihood …

Eurodollar futures market. We find implied volatility is a biased estimator of realized volatility
for standard options, but outperforms those based on historical yield changes. In the first use …