I am studying p1, t1, Stulz's governance chapter and I really do not understand the part below. What is put option's undervalue and overvalue have to do with NPV? I appreciate your help. Thank you!
"A trading desk’s writing of underpriced, deep-out-of-the-money puts based on traders’...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.