Option Trading Books

This digital document is a journal article from International Review of Financial Analysis, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
The trading behaviour of Intra-night options, introduced on the Sydney Futures market in 1993, is investigated. These options on bond futures trade during the night and last for a single session; hence they differ markedly from conventional options. Little is known about their trading behaviour. The bid-ask, volume and volatility patterns for overnight options on 3-year and 10-year T-bond futures are investigated. US macroeconomic announcements affect Australian bond prices and the impact of these announcements is also investigated. The results show that overnight options do not necessarily conform to patterns exhibited by conventional options.