We utilize Bayesian model averaging to estimate a stochastic discount factor (SDF) for single-stock options. A Bayesian … for options with high retail trading volume. …

This paper develops a dynamic real-options model of tariff deterrence in which the exporting country, though subject to …

We analyze a market-wide panel dataset on retail options trading from India, a market with an 80% share in option … contracts traded worldwide. Retail traders both concentrated in and dominate index options trading. They exhibit short …-term speculative behavior with significant day trading, short- duration directional bets especially as options converge to 0DTE and …

options is insufficient to uniquely determine the price of a best-of call option. Previous research on multi-asset option … implications: derivatives practitioners who hedge best-of options using basket-equivalent instruments face fundamental … phenomena: wide bid-ask spreads on extremal options, practitioners' preference for over-hedging strategies, and substantial …