which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …. And yet, more and more companies are using(or being forced to use) futures and derivatives to stay competitive in a fast …

The aim of this paper is to develop a hedging methodology for making a portfolio of options delta, vega and gamma … neutral by taking positions in other available options, and simultaneously minimizing the net premium to be paid for the … hedging. A quadratic programming solution for the problem is formulated, and then it is approximated to a linear programming …

This paper studies how options trading, by circumventing constraints on borrowing, permits optimistic investors to hold …. We show that aggregate demand for the stock is what prevails when options do not exist and no constraints hold …