Let f be a regular, locally Lipschitz real-valued function defined on an open convex subset of a normed space. We show that at any unit direction u, the upper second ...

Traders’ ought to choose futures when their confidence is high regarding the directional movement of the underlying and choose options otherwise. That said, it is not uncommon for experienced traders ...

We consider the problem of estimating functional derivatives and gradients in the framework of a regression setting where one observes functional predictors and scalar responses. Derivatives are then ...

Picture this: you have a view that an underlying is likely to move up but could face stiff overhead resistance not far from the current price. You could initiate a long futures position along with a ...