Information flows and option bid/ask spr
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Fredrik Berchtold; Lars NordΓ©n
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Article
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2005
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John Wiley and Sons
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English
β 209 KB
## Abstract This study analyzes two types of information flows in financial markets. The first type represents return information, where informed investors know whether the stock price will increase or decrease. The second type is labeled volatility information, where the direction of the stock pri