Choy, Siu Kai; Wei, Jason - In: Journal of Banking & Finance 36 (2012) 8, pp. 2299-2322
reveal that option trading is also significantly explained by differences of opinion. While informed trading is present in …This paper investigates the motive of option trading. We show that option trading is mostly driven by differences of … opinion, a finding different from the current literature that attempts to attribute option trading to information asymmetry …