The infamous ship Endurance, which sank in Antarctica in 1915, wasn't as well built for a polar voyage as previously thought — and its owner was likely aware of its shortcomings. Explorer Ernest ...
From various empirical work, it is well known that the volatility of asset returns changes over time. This might be one of the reasons that implied volatilities differ for options that only differ in ...
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Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...