Easley, David, Maureen O'Hara, and P.S. Srinivas, 1998, Option volume and stock prices: Evidence on where informed traders trade, Journal of Finance 53, 431-465. Home/Search Document Not in Database Summary Related Articles Check |
This paper is cited in the following contexts:
Information-Based Trading in Dealer and Auction Markets: An.. - Heidle, Huang (1999) (2 citations) (Correct)
....Easley, Kiefer, and O Hara (1997b) use it to determine whether liquidity and informed traders in the oil industry conform to a pooling or a separating equilibrium. Easley, O Hara, and Saar (1998) analyze the effects 6 The volatility measure excludes days with zero trades. 12 of stock splits. Easley, O Hara, and Srinivas (1998) study the relation between option volume, stock prices, and information based trading. Intuitively, the EKOP model aggregates all trades during one day and relies on buy and sell trade imbalances to identify informed trading. They assume that nature determines the occurrence of a news event just ....
Easley, David, Maureen O'Hara, and P. S. Srinivas, 1998, Option Volume and Stock Prices: Evidence on Where Informed Traders Trade, Journal of Finance 53, 431-465.
An Alternative Test of the Impact from Derivative Instruments.. - Leemakdej (1997) (Correct)
....informed trader hypothesis originated from Black s (1975) remark that high levered opportunity available in option markets might induce informed trader to trade in option rather than an underlying stock. The hypothesis is also supported by Manaster and Rendleman (1982) Cox and Rubinstein (1985) Easley et al. (1997). Migration of informed trader from the underlying stock trading will result in lower proportion of informed trader in the stock market. Glosten and Milgrom (1985) Easley and O Hara (1987) suggest that the bid ask spread quoted by competitive risk neutral market maker will be narrow due to ....
....buying pressure. This will increase price of underlying stock and consequently reduce volatility. Among these hypotheses discussed above, the migration of informed trader seems to be the most popular hypothesis empirically supportd by many studies, e.g. Powers (1970) Damdoran and Lim (1991) Easley, O Hara, and Srinivas (1997). The migration of uninformed trader is, however, empirically supported by Jegadeesh and Subrahmanyam (1993) Hong and Subrahmanyam (1994) The last hypothesis in this group was proposed by Stein (1987) and partially supported by Figlewski (1981) Since the risk preference is not observed or ....
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Easley, D., M. O'Hara, and P.S. Srinivas, 1997, "Option Volume and Stock Prices: Evidence on Where Informed Traders Trade," forthcoming Journal of Finance.
The Impact of Warrant Listing on Underlying Stock's Volatility - Leemakdej (1998) (Correct)
....reduced the underlying asset s volatility whereas the latter effect was ambiguous. Empirically, the declining volatility is supported by Powers (1970) Froewiss (1978) Edwards (1988) for the futures contract and Skinner (1989) Conrad (1989) Detemple and Jorion (1990) Damodaran and Lim (1991) Easley et al. (1998) for the option contract. On the contrary, a number of empirical researches has found evidences against declining volatility such as Figlewski (1981) Harris (1989) Lockwood and Linn (1990) for the futures contract and Lockwood and Linn (1990) for the option contract. Few studies also found that ....
Easley, D., M. O'Hara, and P.S. Srinivas, "Option Volume and Stock Prices: Evidence on Where Informed Traders Trade," forthcoming Journal of Finance, 1998.
Securities Transaction Taxes And Financial Markets - Habermeier, Kirilenko (2000) (1 citation) (Correct)
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Easley, David, Maureen O'Hara, and P.S. Srinivas, 1998, Option volume and stock prices: Evidence on where informed traders trade, Journal of Finance 53, 431-465.
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