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Cited by 1,084

The DOI matches its Crossref record; 27 of the 27 references it cites were found in a registry or an index.

Option Volume and Stock Prices: Evidence on Where Informed Traders Trade

Open access
Easley, David, O'Hara, Maureen, Srinivas, P.S.·1998·The Journal of Finance
DOI 10.1111/0022-1082.194060
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Abstract

This paper investigates the informational role of transactions volume in options markets. We develop an asymmetric information model in which informed traders may trade in option or equity markets. We show conditions under which informed traders trade options, and we investigate the implications of this for the linkage between markets. Our model predicts an important informational role for the volume of particular types of option trades. We empirically test our model's hypotheses with intraday option data. Our main empirical result is that negative and positive option volumes contain information about future stock prices.

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Crossref · 10.1111/0022-1082.194060

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Metadata

Authors
Easley, D., O'Hara, M., & Srinivas, P. S.
Venue
The Journal of Finance
Publisher
Wiley
Published
1998-04
Volume
53
Issue
2
Pages
431-465
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.194060
OpenAlex
W2156361014
Cited by
1,084
References
27
FWCI
23.65
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Option Volume and Stock Prices: Evidence on Where Informed Traders Trade. https://app.cochat.ai/papers/10.1111/0022-1082.194060
The paper
Easley, D., O'Hara, M., & Srinivas, P. S. (1998). Option Volume and Stock Prices: Evidence on Where Informed Traders Trade. The Journal of Finance. https://doi.org/10.1111/0022-1082.194060

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.