●1 Introduction
1.1 Research Background
1.2 Research Objective
1.3 Organization of the Dissertation
2 Literature Review
2.1 The Relation Between the Return of Stock Price and Options Trading
2.2 The Relation Between the Volatility of Stock Price and Options Trading
2.3 The Information Content of Options Volume and PutCall Ratio
2.4 The Informational Role of Various Investors
2.5 The Information Content of Options Moneyness
2.6 The Response of Options Volume to News Announcements
3 Hypothesis and Methodology
3.1 The Relation Between Options Volume and the Volatility of KOSPI200 Index
3.2 The Informational Role of Various Investors
3.3 The Information Content of Options Moneyness 3.4 The Response of Options Volume to News Announcements
4 Dataset
4.1 KOSPI200 Index Options
4.2 Macroeconomic Variables
5 Empirical Analysis
5.1 The Relation Between Options Volumes and the Volatility of KOSPI200 Index
5.2 The Informational Role of Various Investors
5.3 The Information Content of Options Moneyness
5.4 Robustness Test
5.5 The Response of Unexpected Options Volumes to News Announcements
6 Conclusion
Reference

本書以韓國KOSPI200股指期權為研究對像，分析股指期權成交量對其現貨市場KOPSI200股指收益率和波動的影響。主要包括以下幾部分內容：（1）研究不同類型的投資者持有的股權成交量對現貨市場的影響（2）分析不同類型投資者在現貨和期權市場扮演的角色（3）研究不同類型的期權成交量對現貨市場的影響（4）研究不同類型的期權的不可預測成交量對現貨市場的影響 （5）研究信息交易者對期權選擇的偏好。

康明惠 著