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Showing 1 to 2 of 2 for “"Expected option returns"”.

  1. Essays on Volatility Risk and Security Returns

    This dissertation studies the determinants of expected option returns and equilibrium determinants of variance risk and the variance risk premium. In the first essay, I analyze the relation between expected option returns and the volatility of the underlying securities. In the Black-Scholes-Merton …

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  2. Three essays in empirical derivatives

    … quote data for 39 liquid U.S. stocks and options on them, and focus on events when the two markets disagree about the stock price in the sense that the option-implied stock price obtained from the put-call parity relation is inconsistent with the actual stock price. Option market quotes …

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