The standard put-call parity result does not include equalities based on buy-and-hold strategies for options on the minimum or maximum of two risky assets and for quantity-adjusting options. This article generalizes put-call parity to these contracts. International put-call parity relations and...

Quantity-adjusting option and forward contracts deliver a payoff on a variable quantity of underlying. This article explains the use, pricing, and hedging of such contracts. The pricing of product options is also derived. Product options include quantity-adjusting options as a special case and...

Following Bollerslev et. al (2000), we do a similar study in terms of Japanese Government Bond (JGB) market. In this paper we characterize the high-frequency volatility of the Japanese Government Bond (JGB) futures on the Tokyo Stock Exchange (TSE) using five-minute returns from April 1998 to...