The nature of informed option trading: Evidence from the takeover market 124 co v¿bec Friedrich A

co v¿bec Friedrich A

Das Spektrum der Zwischenrufe erstreckt sich von der flapsigen Bemerkung (

Der Autor will Arbeit aufzeigen

a late example of the anti-detective genre

da sie die einzige reguläre Nahrungsquelle im Land war

The nature of informed option trading: Evidence from the takeover market 124 co v¿bec Friedrich AThis study examines the kind of information informed traders have prior to a takeover announcement using options of target firms and elaborates on the cross sectional relationship between options and stocks around takeover announcements. Financial markets are driven by information and by individuals that generate, process, and disclose this information to the market. Naturally, there have to be individuals who possess more information about a firm or