firms Unlike the other Greeks, implied volatility was unknown. 6 t Implied volatility Realized volatility t + 1 • It was calculated by reverse engineer process from the option price at time t. • Implied
]St0 HC = Ct1−[Delta]St1 DeltaBS = f ( St0, K, T, r, σ ) Historical statistic : Standard deviation Implied statistic : Min ∑ (Cmarket – C theoretical) 2 DeltaWM = f ( St0, K, T, r, μ, σ* ) σ* = f (r, μ
securities were inconsistent with the normal market conditions. In addition, she continuously traded SALEE securities causing the trade of such securities to be inconsistent with normal market conditions to
securities were inconsistent with the normal market conditions. In addition, he continuously traded SALEE securities causing the trade of such securities to be inconsistent with normal market conditions to
) in concealment to mislead the public to believe that the trading volumes were substantially high and the price of SST securities changed which was inconsistent with the normal market conditions. In
securities changed which was inconsistent with the normal market conditions. In addition, he continuously traded TPC securities, causing the trade of such securities to be inconsistent with normal market
inconsistent with the normal market conditions , causing the trade of such securities to be inconsistent with normal market conditions to induce the general public to trade the securities. SEC Act S.243(1) in
which was inconsistent with the normal market conditions , causing the trade of such securities to be inconsistent with normal market conditions to induce the general public to trade the securities