Degree
Doctor of Philosophy (PhD)
Department
Department of Finance
Document Type
Dissertation
Abstract
Options, as derivatives of underlying assets, are attracting increased attention due to their unique characteristics, such as having non-linear payoffs, enhanced leverage, and risk hedging capabilities. Furthermore, as trading costs diminish, options are becoming more accessible to a broader spectrum of investors. It is also evident that options are not merely redundant; they exhibit price variations that do not directly correspond to the movements of stock prices, thus serving to complete the market.
In this essay, I study the relationship between the options prices and stock market, and how the influence each other.
Date
5-14-2024
Recommended Citation
Zhang, Yuanyi, "Essays in Empirical Option Pricing" (2024). LSU Doctoral Dissertations. 6472.
https://repository.lsu.edu/gradschool_dissertations/6472
Committee Chair
Don Chance