The Impacts of Option Volatility and Revenue Announcement on Firm Stock Return

• Main Authors: LIN, TSUNG-HSIEN, 林宗憲
• Other Authors: CHEN, SHENG-HUNG
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/fzw2pz

碩士 === 南華大學 === 財務金融學系財務管理碩士班 === 106 === 　　Although these studies have substantially increased the economic impact of analyzing options trading, they have been affected by several important shortcomings. The use of option trading states yields a rather simple dichotomy, that is, there are two types of issuance options and those of companies that do not have the option to issue, and there is heterogeneity in the degree of alternative trading activity. In addition, the focus is on the high degree of connectivity between option trading volume and informed trading; on the other hand, the trading volume of the HF option trading and quoting data options (or the professional data based on the forecast variables constructed on the trading volume) It is noteworthy that few studies have examined the effects of option pricing and related issues, especially important business-critical announcements. In this light, the study attempted to consider option pricing Effect on past research; more specifically, this study intends to use the implied volatility of options to empirically analyze the impact of the trading volume of options on the revenue (surplus) response of the stock market to the business, this new The research perspective not only tests the usability of the data, but also takes a closer look at the changes in the stock market response to options trading messages.