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Options Trading on Crisis Eve
[Premiové obchody v předvečer krize]

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  • Jan Vlachý

Abstract

This paper provides a review of pre-World War II financial derivatives trading in Prague. Its structure, development and various contexts are being addressed, based on a comprehensive research of contemporary resources. Empirical data, which have not been used so far for similar purpose, allow a detailed analysis of trading in options on shares of the Skoda Corporation in 1929. The most exciting era of the Czech equities market, as well as its dominant issue, are thus represented, contributing to a better understanding of Czech financial history.

Suggested Citation

  • Jan Vlachý, 2010. "Options Trading on Crisis Eve [Premiové obchody v předvečer krize]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2010(2), pages 32-41.
    • Handle: RePEc:prg:jnlcfu:v:2010:y:2010:i:2:id:65:p:32-41
    DOI: 10.18267/j.cfuc.65
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    References listed on IDEAS

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    1. Latane, Henry A & Rendleman, Richard J, Jr, 1976. "Standard Deviations of Stock Price Ratios Implied in Option Prices," Journal of Finance, American Finance Association, vol. 31(2), pages 369-381, May.
    2. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Options trading; History of Finance; Opční obchody; Finanční historie;
    All these keywords.

    JEL classification:

    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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