id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-3945	Dash, Mihir; Goel, Ankush	A Comparison of ITM and OTM Protective-Puts and Covered-Calls	2014	12	.pdf	application/pdf	4745	165	45	mean stock returns 0.4428% 0.4181% 0.4325% 0.0278 0.4341 stdev stock returns 3.5953% 3.2550% 3.4530% 0.8960 0.1741 skewness stock returns 0.4658 0.2231 0.3643 0.5693 0.2269 kurtosis stock returns 3.3544 2.0320 2.8014 0.6516 0.2116 There were found to be significant differences in the mean stock returns and standard deviation of stock returns for different optimal strategies, but no significant difference in the skewness and kurtosis of stock returns for different optimal strategies. Discriminant analysis of buying ITM and OTM protective-puts on the characteristics of the distribution of underlying stocks Canonical Discriminant Function Standardized Coefficients Unstandardized Coefficients mean stock returns 1.2305 230.9568 stdev stock returns -2.0038 -153.6011 skewness stock returns 0.1405 0.1195 kurtosis stock returns 1.3061 0.2191 (Constant) 3.6477 Values at centroids buy OTM protective-puts 0.3540 buy ITM protective-puts -0.2950 The standard deviation of returns, the kurtosis of returns, and the mean returns of the underlying stock were found to have significant impact on the dominance relation between OTM protective-puts and ITM protective-puts, followed by the skewness of returns of the underlying stock.	cache/ajfa-3945.pdf	txt/ajfa-3945.txt