摘要(英) |
In the financial market, options are an important trading instrument that not only provides investors with opportunities to hedge risks and engage in leveraged trading but also reflects market participants′ views and expectations regarding future price movements. Taiwanese Weekly Index Options, as a rapidly developing derivative financial product in recent years, have witnessed an increasing trading volume in the Taiwanese market. This study utilizes regression models to analyze the correlation between the open interest of Taiwanese Weekly Index Options and the Taiwan Weighted Stock Index. The data interval used as the research sample is from the inception of Weekly Index Options in November 2012 until December 28, 2022. After empirical analysis, it was found that the open interest of Taiwanese Weekly Index Call Options has predictive capability for the stock market. |
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