Paper Title
Option Price Adjustments and Market Regulation
Abstract
This letter examines how the recent market reform affects the price disagreement and adjustment behaviors of the
KOSPI200 options market. Our analyses indicate that the efficiency and information quality of out-of-the-money options
trading has been increased since the reform.
Keywords - KOSPI200 option; market efficiency; market reform; price disagreement;
JEL Classification: G13, G14