Smith Barney, Harris Upham, and Company, Inc.

4 Pages Posted: 21 Oct 2008

See all articles by Robert M. Conroy

Robert M. Conroy

University of Virginia - Darden School of Business

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Abstract

This case deals with the introduction of put options in 1977. After a four-year experiment trading call options, the U.S. Securities and Exchange Commission (SEC) is about to begin the trading of put options. Ed Burton is faced with establishing trading strategies based on put-call parity. The case introduces put-call parity and allows the students to examine the practical aspects of how arbitrage works in the options markets.

Keywords: financial institutions, market efficiency, option pricing

Suggested Citation

Conroy, Robert M., Smith Barney, Harris Upham, and Company, Inc.. UVA-F-0946, Available at SSRN: https://ssrn.com/abstract=909079

Robert M. Conroy (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

HOME PAGE: http://www.darden.virginia.edu/faculty/conroy.htm

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