Finance & Investing · Derivatives
A topic within Derivatives, itself one of 11 topics in that field and part of Finance & Investing.
2 works
The Options Clearing Corporation
Sets out, contract by contract, what an options buyer or writer is actually exposed to, arguing the asymmetric payoff of options makes them behave nothing like the underlying stock they reference.
Robert C. Merton
Reviews a quarter-century of applying option-pricing theory beyond listed options themselves, to corporate liabilities, loan guarantees and real investment decisions, treating option pricing as a general tool for valuing contingent claims.
link checked 17 Sept 2026