Do the options markets really overreact?
β
Fernando Diz; Thomas J. Finucane
π
Article
π
1993
π
John Wiley and Sons
π
English
β 868 KB
Helpful comments from two anonymous referees and the participants of the 1990 Financial Management Association meetings and the finance workshop at Syracuse University are gratefully acknowledged. 'The reader is referred to Stein (1989) for details of the derivation. Equation ( 1) is simply Stein's