Put-call parities and the value of early exercise for put options on a performance index
A study calculates the value of early exercise of a put option from deviations of the European put-call parity, using options on a performance index. Closing prices for options on the DAX index and traded on the Amsterdam Stock Exchange are used for the period May 12, 1992 to October 7, 1993. As hyp...
Saved in:
Published in | The journal of futures markets Vol. 16; no. 1; pp. 71 - 80 |
---|---|
Main Authors | , |
Format | Journal Article |
Language | English |
Published |
New York
Wiley Subscription Services, Inc., A Wiley Company
01.02.1996
Published by J. Wiley in affiliation with the Center for the Study of Futures Markets, Columbia University Wiley Periodicals Inc |
Subjects | |
Online Access | Get full text |
Cover
Loading…
Abstract | A study calculates the value of early exercise of a put option from deviations of the European put-call parity, using options on a performance index. Closing prices for options on the DAX index and traded on the Amsterdam Stock Exchange are used for the period May 12, 1992 to October 7, 1993. As hypothesized, the premium for early exercise is significantly and positively correlated with the moneyness, the volatility of the index and with interest rate. Contrary to expectations, a negative relationship with time to maturity is found. However, this relationship is not significant. The results may be particularly useful for the development of a correct model for pricing of American put options. |
---|---|
AbstractList | A study calculates the value of early exercise of a put option from deviations of the European put-call parity, using options on a performance index. Closing prices for options on the DAX index and traded on the Amsterdam Stock Exchange are used for the period May 12, 1992 to October 7, 1993. As hypothesized, the premium for early exercise is significantly and positively correlated with the moneyness, the volatility of the index and with interest rate. Contrary to expectations, a negative relationship with time to maturity is found. However, this relationship is not significant. The results may be particularly useful for the development of a correct model for pricing of American put options. |
Author | De Roon, Frans Veld, Chris |
Author_xml | – sequence: 1 givenname: Frans surname: De Roon fullname: De Roon, Frans organization: Ph.D. student at Tilburg University – sequence: 2 givenname: Chris surname: Veld fullname: Veld, Chris organization: Department of Business Administration at Tilburg University, Rotterdam, The Netherlands |
BookMark | eNp9kV1v0zAUhi00JLrCf7DgZrtIsWM7rjs0aQpdqTToRDvRuyM3ORYZWRLsBNp_T0LRuOBDOpJ1rFfPkd7nlJxUdYWEXHA24YzFr8_Wy3R5zplJImOEPOPGJCw-58mMv9F8Nrtavo2u7zbyUkzYJF1dxNH8CRk95k_IiMWaRVpw-YychnDPGDNGshHZ3nZtlNmypI31RVtgoLbKafsZ6TdbdkhrR9H68kBxjz4rAlJXe9p0La2btqirQOuKWtqg7_8fbJUhLaoc98_JU2fLgC9-vWNydz3fpO-im9VimV7dRJkSSkY8Vnqnsp1NpOpHS5ebJOfMxWwnp8rtDHfaaS3RSHQOpcmYUlrnVikRoxBj8vLIbXz9tcPQwn3d-ao_CTHv6XzaNzAmr_4V4lOtuelvx31qfUxlvg7Bo4PGFw_WH4AzGDwADB5g6BWGXuHoAXgCHDQH6D3A4AEEMEhXEMP8N_V7UeLhD-T_iX8B_tx7anSkFqHF_SPV-i-QaKEVfPqwgMX7j7eb7ZbBWvwAf5up3Q |
CODEN | JFMADT |
Cites_doi | 10.1086/260062 10.2307/2331247 10.2307/3003143 10.1111/j.1540-6261.1984.tb04921.x |
ContentType | Journal Article |
Copyright | Copyright © 1996 John Wiley & Sons, Inc. Copyright Wiley Periodicals Inc. Feb 1996 |
Copyright_xml | – notice: Copyright © 1996 John Wiley & Sons, Inc. – notice: Copyright Wiley Periodicals Inc. Feb 1996 |
DBID | BSCLL AAYXX CITATION JQCIK K30 PAAUG PAWHS PAWZZ PAXOH PBHAV PBQSW PBYQZ PCIWU PCMID PCZJX PDGRG PDWWI PETMR PFVGT PGXDX PIHIL PISVA PJCTQ PJTMS PLCHJ PMHAD PNQDJ POUND PPLAD PQAPC PQCAN PQCMW PQEME PQHKH PQMID PQNCT PQNET PQSCT PQSET PSVJG PVMQY PZGFC 8BJ FQK JBE |
DOI | 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E |
DatabaseName | Istex CrossRef Periodicals Index Online Segment 33 Periodicals Index Online Primary Sources Access—Foundation Edition (Plan E) - West Primary Sources Access (Plan D) - International Primary Sources Access & Build (Plan A) - MEA Primary Sources Access—Foundation Edition (Plan E) - Midwest Primary Sources Access—Foundation Edition (Plan E) - Northeast Primary Sources Access (Plan D) - Southeast Primary Sources Access (Plan D) - North Central Primary Sources Access—Foundation Edition (Plan E) - Southeast Primary Sources Access (Plan D) - South Central Primary Sources Access & Build (Plan A) - UK / I Primary Sources Access (Plan D) - Canada Primary Sources Access (Plan D) - EMEALA Primary Sources Access—Foundation Edition (Plan E) - North Central Primary Sources Access—Foundation Edition (Plan E) - South Central Primary Sources Access & Build (Plan A) - International Primary Sources Access—Foundation Edition (Plan E) - International Primary Sources Access (Plan D) - West Periodicals Index Online Segments 1-50 Primary Sources Access (Plan D) - APAC Primary Sources Access (Plan D) - Midwest Primary Sources Access (Plan D) - MEA Primary Sources Access—Foundation Edition (Plan E) - Canada Primary Sources Access—Foundation Edition (Plan E) - UK / I Primary Sources Access—Foundation Edition (Plan E) - EMEALA Primary Sources Access & Build (Plan A) - APAC Primary Sources Access & Build (Plan A) - Canada Primary Sources Access & Build (Plan A) - West Primary Sources Access & Build (Plan A) - EMEALA Primary Sources Access (Plan D) - Northeast Primary Sources Access & Build (Plan A) - Midwest Primary Sources Access & Build (Plan A) - North Central Primary Sources Access & Build (Plan A) - Northeast Primary Sources Access & Build (Plan A) - South Central Primary Sources Access & Build (Plan A) - Southeast Primary Sources Access (Plan D) - UK / I Primary Sources Access—Foundation Edition (Plan E) - APAC Primary Sources Access—Foundation Edition (Plan E) - MEA International Bibliography of the Social Sciences (IBSS) International Bibliography of the Social Sciences International Bibliography of the Social Sciences |
DatabaseTitle | CrossRef Periodicals Index Online Segment 33 Periodicals Index Online Segments 1-50 Periodicals Index Online International Bibliography of the Social Sciences (IBSS) |
DatabaseTitleList | International Bibliography of the Social Sciences (IBSS) |
DeliveryMethod | fulltext_linktorsrc |
Discipline | Business |
EISSN | 1096-9934 |
EndPage | 80 |
ExternalDocumentID | 9296265 10_1002__SICI_1096_9934_199602_16_1_71__AID_FUT4_3_0_CO_2_E FUT4 ark_67375_WNG_GMRPTXX0_S |
Genre | article |
GeographicLocations | Netherlands |
GeographicLocations_xml | – name: Netherlands |
GroupedDBID | -~X .3N .GA .Y3 05W 0R~ 10A 1L6 1OB 1OC 1OL 1XV 29K 31~ 33P 3R3 3V. 3WU 4.4 4ZD 50Y 50Z 51W 51Y 52M 52O 52Q 52S 52T 52U 52W 5GY 5VS 63O 66C 702 7PT 7WY 8-0 8-1 8-3 8-4 8-5 8FL 8R4 8R5 8UM 8VB 930 9M8 A04 AABCJ AAESR AAHHS AAONW AAOUF AASGY AAXRX AAZKR ABCQN ABCUV ABEML ABIJN ABJNI ABPVW ABSOO ABUWG ACAHQ ACBKW ACBWZ ACCFJ ACCZN ACGFO ACGFS ACHQT ACNCT ACPOU ACSCC ACXME ACXQS ADBBV ADDAD ADEMA ADEOM ADIZJ ADKYN ADMGS ADXAS ADZMN AEEZP AEGXH AEIGN AEIMD AEQDE AEUQT AEUYR AFBPY AFFNX AFFPM AFGKR AFKFF AFKRA AFPWT AFVGU AFZJQ AGJLS AHBTC AI. AIAGR AIFKG AIURR AIWBW AJBDE AJYWA AKVCP ALAGY ALMA_UNASSIGNED_HOLDINGS ALUQN AMBMR AMYDB ASPBG ASTYK AVWKF AZBYB AZFZN AZVAB BAFTC BDRZF BENPR BEZIV BFHJK BKOMP BMKGK BMXJE BNVMJ BPHCQ BQESF BROTX BRXPI BSCLL BY8 CCPQU CS3 D-C D-D D-I DCZOG DPXWK DR2 DRFUL DRSSH DU5 DWQXO EBO EBS EBU EJD F00 F01 FEDTE FRNLG G-S G.N G50 GNP GODZA GROUPED_ABI_INFORM_ARCHIVE GROUPED_ABI_INFORM_COMPLETE GROUPED_ABI_INFORM_RESEARCH HBH HF~ HHY HVGLF HZ~ IX1 J0M JPC K1G K60 K6~ KQQ LATKE LAW LC2 LC4 LEEKS LH4 LITHE LOXES LP6 LP7 LPU LUTES LW6 LYRES M0C M55 MEWTI MK4 MRFUL MRSSH MSFUL MSSSH MXFUL MXSSH N04 N06 N9A NF~ NNB O66 O9- P2P P2W P2Y P4C PALCI PQBIZ PQQKQ PROAC PZZ Q.N Q11 Q2X QB0 QRW QWB R.K RIWAO RJQFR ROL RWI RX1 RYL SAMSI SUPJJ TAE TH9 TN5 U5U UB1 UPT V2E VH1 VQA W8V W99 WBKPD WEBCB WH7 WHG WIB WIH WII WOHZO WQZ WRC WSUWO WWB WXSBR XG1 XPP XV2 YQT ZL0 ZZTAW ~IA ~WP AABNI HGLYW OIG PQBZA AAYXX CITATION ADMHG JQCIK K30 PAAUG PAWHS PAWZZ PAXOH PBHAV PBQSW PBYQZ PCIWU PCMID PCZJX PDGRG PDWWI PETMR PFVGT PGXDX PIHIL PISVA PJCTQ PJTMS PLCHJ PMHAD PNQDJ POUND PPLAD PQAPC PQCAN PQCMW PQEME PQHKH PQMID PQNCT PQNET PQSCT PQSET PSVJG PVMQY PZGFC 8BJ FQK JBE |
ID | FETCH-LOGICAL-c5354-1257b5cba64564574fd96d10f20b485fb91f7f774e94effe49c05577da5532e33 |
IEDL.DBID | DR2 |
ISSN | 0270-7314 |
IngestDate | Thu Oct 10 15:55:49 EDT 2024 Thu Oct 10 16:08:54 EDT 2024 Fri Aug 23 01:44:25 EDT 2024 Sat Aug 24 00:48:02 EDT 2024 Wed Jan 17 05:00:20 EST 2024 |
IsDoiOpenAccess | false |
IsOpenAccess | true |
IsPeerReviewed | true |
IsScholarly | true |
Issue | 1 |
Language | English |
LinkModel | DirectLink |
MergedId | FETCHMERGED-LOGICAL-c5354-1257b5cba64564574fd96d10f20b485fb91f7f774e94effe49c05577da5532e33 |
Notes | ark:/67375/WNG-GMRPTXX0-S istex:65AE7B974972404AF017B9D2978943DBB0323B95 ArticleID:FUT4 |
OpenAccessLink | https://pure.uvt.nl/ws/portalfiles/portal/1136132/RFVC5618180.pdf |
PQID | 1877195642 |
PQPubID | 1821358 |
PageCount | 10 |
ParticipantIDs | proquest_journals_211251899 proquest_journals_1877195642 crossref_primary_10_1002__SICI_1096_9934_199602_16_1_71__AID_FUT4_3_0_CO_2_E wiley_primary_10_1002_SICI_1096_9934_199602_16_1_71_AID_FUT4_3_0_CO_2_E_FUT4 istex_primary_ark_67375_WNG_GMRPTXX0_S |
PublicationCentury | 1900 |
PublicationDate | February 1996 |
PublicationDateYYYYMMDD | 1996-02-01 |
PublicationDate_xml | – month: 02 year: 1996 text: February 1996 |
PublicationDecade | 1990 |
PublicationPlace | New York |
PublicationPlace_xml | – name: New York – name: New York, N.Y – name: Hoboken |
PublicationTitle | The journal of futures markets |
PublicationTitleAlternate | J. Fut. Mark |
PublicationYear | 1996 |
Publisher | Wiley Subscription Services, Inc., A Wiley Company Published by J. Wiley in affiliation with the Center for the Study of Futures Markets, Columbia University Wiley Periodicals Inc |
Publisher_xml | – name: Wiley Subscription Services, Inc., A Wiley Company – name: Published by J. Wiley in affiliation with the Center for the Study of Futures Markets, Columbia University – name: Wiley Periodicals Inc |
References | Zivney, T. L. (1991): "The Value of Early Exercise in Option Prices: An Empirical Investigation" Journal of Financial and Quantitative Analysis, 26: 129-138. Chance, D. M. (1987): "Parity Tests of Index Options" Advances in Futures and Options Research, 2: 47-64. Geske, R., and Johnson, H. E. (1984): "The American Put Valued Analytically" The Journal of Finance, 39: 1511-1524. Black, F., and Scholes, M. (1973): "The Pricing of Options and Corporate Liabilities" Journal of Political Economy, 81: 637-654. Merton, R. C. (1973): "Theory of Rational Option Pricing" Bell Journal of Economics and Management Science, 4: 141-183. Jarrow, R. A., and Rudd, A. (1983): Option Pricing. Homewood, IL: Richard D. Irwin. Wei, J. Z. (1992): "Pricing Nikkei Put Warrants" Journal of Multinational Financial Management, 2: 45-75. 1987; 2 1973; 81 1994 1983 1991; 26 1984; 39 1992; 2 1973; 4 Wei (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB7) 1992; 2 Grünbichler (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB4) 1994 Merton (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB6) 1973; 4 Black (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB1) 1973; 81 Jarrow (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB5) 1983 Chance (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB2) 1987; 2 Geske (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB3) 1984; 39 Zivney (10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB8) 1991; 26 |
References_xml | – year: 1983 – volume: 81 start-page: 637 year: 1973 end-page: 654 article-title: The Pricing of Options and Corporate Liabilities publication-title: Journal of Political Economy – volume: 39 start-page: 1511 year: 1984 end-page: 1524 article-title: The American Put Valued Analytically publication-title: The Journal of Finance – volume: 4 start-page: 141 year: 1973 end-page: 183 article-title: Theory of Rational Option Pricing publication-title: Bell Journal of Economics and Management Science – volume: 2 start-page: 45 year: 1992 end-page: 75 article-title: Pricing Nikkei Put Warrants publication-title: Journal of Multinational Financial Management – year: 1994 – volume: 2 start-page: 47 year: 1987 end-page: 64 article-title: Parity Tests of Index Options publication-title: Advances in Futures and Options Research – volume: 26 start-page: 129 year: 1991 end-page: 138 article-title: The Value of Early Exercise in Option Prices: An Empirical Investigation publication-title: Journal of Financial and Quantitative Analysis – volume: 81 start-page: 637 year: 1973 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB1 publication-title: Journal of Political Economy doi: 10.1086/260062 contributor: fullname: Black – volume: 2 start-page: 47 year: 1987 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB2 publication-title: Advances in Futures and Options Research contributor: fullname: Chance – volume: 2 start-page: 45 year: 1992 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB7 publication-title: Journal of Multinational Financial Management contributor: fullname: Wei – year: 1994 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB4 contributor: fullname: Grünbichler – volume-title: Option Pricing year: 1983 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB5 contributor: fullname: Jarrow – volume: 26 start-page: 129 year: 1991 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB8 publication-title: Journal of Financial and Quantitative Analysis doi: 10.2307/2331247 contributor: fullname: Zivney – volume: 4 start-page: 141 year: 1973 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB6 publication-title: Bell Journal of Economics and Management Science doi: 10.2307/3003143 contributor: fullname: Merton – volume: 39 start-page: 1511 year: 1984 ident: 10.1002/(SICI)1096-9934(199602)16:1<71::AID-FUT4>3.0.CO;2-E-BIB3 publication-title: The Journal of Finance doi: 10.1111/j.1540-6261.1984.tb04921.x contributor: fullname: Geske |
SSID | ssj0009940 |
Score | 1.482557 |
Snippet | A study calculates the value of early exercise of a put option from deviations of the European put-call parity, using options on a performance index. Closing... |
SourceID | proquest crossref wiley istex |
SourceType | Aggregation Database Publisher |
StartPage | 71 |
SubjectTerms | Economic models Parity Put & call options Statistical analysis Studies |
Title | Put-call parities and the value of early exercise for put options on a performance index |
URI | https://api.istex.fr/ark:/67375/WNG-GMRPTXX0-S/fulltext.pdf https://onlinelibrary.wiley.com/doi/abs/10.1002%2F%28SICI%291096-9934%28199602%2916%3A1%3C71%3A%3AAID-FUT4%3E3.0.CO%3B2-E https://www.proquest.com/docview/1877195642 https://www.proquest.com/docview/211251899 |
Volume | 16 |
hasFullText | 1 |
inHoldings | 1 |
isFullTextHit | |
isPrint | |
link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwxZ3NbtNAEMdXVStVXKB8idBS7YGg9uDU6931xilCao3TBtE0ShMRcRl5_XFplURtIgEnHoEzj8eTMGPHCaWIExIXS3Ekz2o8u_uf9exvGXtpRBq4bqqdpmqmmKCk1ondLHFyk8ssR32Q-7RR-Kzrnw7Vu5EerbHP1V6Ykg-xXHCjnlGM19TBY3tzsIKGogC76IQdTJgFynAH51lFaCOijXh00ycYQV2GBi-0Vn3Ueeu0hwNVl5FsuI3wvC6PPSfC0ZswfCSn-ivwVBCocnXGuI6RQm2yw4Xlgz2yur-0uVda3Bd-S7w2otWq7LwprRyijVtz3ga9vk-3BO2vsriY19oP2PfKI2U5y2VjPrON5MtvsMj_4rItdn-hlvlRGd4P2Vo2fsQ2q2L9x-xjbz778fUbxtkVp-MUiQ7L43HKUdZy4phnfJLzjCDOvDpciqNM59P5jE_Keh4-GfOYT1cbKHhBkHzChu1oEJ46i9MinERLTfBFbaxObOwXhByj8jTwU-HmnmtVU-c2EBiAqHazQFGtjAoS4o-ZNNZaepmUT9n6eDLOnjGOqjhXibUopqTCBDFOrJZZ4trA6tyL_Rp7X71PmJZQECjxzx4AeZi-6_tA_oXSuyB8EGAEAPoUyKcgwYXwHDyIauxVERPLZ8XXl1RvZzR86J7AyVm_NxiNXLiosZ0qaGAx1NyAaBpDmz6VV2Pbd__GBB8lLGbV2OgiNu60-O8N_kN7i9_P_-3jttm9VT38DlufXc-zFyj3ZnaXbRxH3V5_t-ihPwE9fDeb |
link.rule.ids | 315,786,790,1382,27955,27956,33777,46327,46751 |
linkProvider | Wiley-Blackwell |
linkToHtml | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwxV3NbtNAEF6VVipc-K8ILbAHgtqDU6931xunCKm4SRNI0qpNRMRl5PXPpSiJSiKhnngE7rwdT8KMHSeUIk5IXCzZljyr2Zndb8Yz3zL20ogkcN1EO3VVTzBASawTuWnsZCaTaYb4IPOpUbjX99tD9W6kR2vsquyFKfghlgk38ox8vSYHp4T0_oo1FBHYeSfsYMQsEIc7uNEq4jYiuhGPHvrERlCVocELJasPO0dOazhQVdmUNbcWnlTlW89p3mIbuFhocuqjsxX1VBCoIj9jXMdIoTbZwUL0_i6J3VsK3S1E7gm_IV4b0WiUgt4UYg5QyLVdb4Mm8Ms1SPsrMM53ttY99r3USVHQclGbz2wtvvqNLvL_KO0-u7sAzPywsPAHbC0dP2SbZb3-I_bxdD778fUbmtonTicqEkEsj8YJR2TLico85ZOMp8TjzMvzpTgidT6dz_ikKOnhkzGP-HTVQ8FzEsnHbNhqDsK2szgwwom11MS_qI3VsY38nCTHqCwJ_ES4medaVdeZDQTaIALeNFBULqOCmCjITBJpLb1Uyi22Pp6M0yeMIzDOVGwt4impMEaMYqtlGrs2sDrzIr_CuuWEwrTgBYGCAdoDIA3Tr30fSL9QaBeEDwKMAECdAukUJLgQnoAHzQp7lRvF8lvR5QWV3BkNH_rHcNw7Ox2MRi6cV9hOaTWwWG0-g6gbQ32fyquw7ZuvMcZHFIuBNQ46N44bI_77gP8w3vz-6b_93At2uz3odaHb6b_fZndW5fE7bH12OU-fIfqb2ee5m_4EGQA6IQ |
linkToPdf | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwxZ3NbtNAEMdXpZUiLnwjQgvsgaD24NTr3fXGKUIq-WgDbVq1iYi4jLy291KURCWRgBOPwJnH40mYseOEUsQJiYsl25JnNZ71_mc9-1vGnhuRRr6faq-hGikmKKn1Yj9LPGeczBzqAxfSQuHjfng4VG9GerTGPpdrYQo-xHLCjXpG_r2mDj5N3e4KGooC7LzX6mHCLFCGezjOKkIbEW0koIshwQhqsmXwQHPV-7221x0OVE12ZN2vt05q8nXgdW6wDRXKgPK29tmKPBVFqpieMb5npFAVtrcwvbtNZneWRrcLkzsibIqXRjSbpaFXhZk9NHJl0Nug9_fpiqL9VRfnA1v3NvteuqSoZ7moz2e2nnz5jRb5X3x2h91ayGW-X8T3XbaWje-xSlmtf5-9P53Pfnz9hoH2gdN-ioSH5fE45ahrOYHMMz5xPCOKMy93l-Ko0_l0PuOToqCHT8Y85tPVCgqeIyQfsGG3M2gdeovtIrxES030RW2sTmwc5ogco1wahanwXeBb1dDORgIjEOVuFikqllFRQgAyk8ZayyCT8iFbH0_G2SPGURY7lViLakoqzBDjxGqZJb6NrHZBHFbZUfk-YVpQQaDgPwcA5GH6sR8C-RcK74IIQYARAOhTIJ-CBB9aJxBAp8pe5DGxfFZ8eUEFd0bDu_4BHByfnQ5GIx_Oq2yrDBpYfGs-gmgYQ6s-VVBlm9dvY4aPGhbTamx0HhvXWvz3Bv-hvfn543_7uGesctruwlGv_3aT3VzVxm-x9dnlPHuC0m9mn-ad9CcMEjjQ |
openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Put%E2%80%90call+parities+and+the+value+of+early+exercise+for+put+options+on+a+performance+index&rft.jtitle=The+journal+of+futures+markets&rft.au=De+Roon%2C+Frans&rft.au=Veld%2C+Chris&rft.date=1996-02-01&rft.pub=Wiley+Subscription+Services%2C+Inc.%2C+A+Wiley+Company&rft.issn=0270-7314&rft.eissn=1096-9934&rft.volume=16&rft.issue=1&rft.spage=71&rft.epage=80&rft_id=info:doi/10.1002%2F%28SICI%291096-9934%28199602%2916%3A1%3C71%3A%3AAID-FUT4%3E3.0.CO%3B2-E&rft.externalDBID=10.1002%252F%2528SICI%25291096-9934%2528199602%252916%253A1%253C71%253A%253AAID-FUT4%253E3.0.CO%253B2-E&rft.externalDocID=FUT4 |
thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0270-7314&client=summon |
thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0270-7314&client=summon |
thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0270-7314&client=summon |