Sherlock Trader: Take-Over Sleuth
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Date: 04-09-2007
Start Time:
6:00pm
End Time: 7:30pm
Speaker: Michael Lipkin, American Stock Exchange & Columbia University (IEOR)
Location: 412 Schapiro CEPSR, Davis Auditorium
ABSTRACT
Derivatives markets reflect an increased expectation of take-overs in a characteristic fashion. This unusual behavior might be indicative of insider trading or simply reflect altered analysis of the attractiveness of an acquisition. In either case, an astute observer will be in an advantageous position.
Work with Sacha Stanton, also from IEOR.
BIO
Mike Lipkin has been an options market maker for the past 16 years on the American Stock Exchange. He has also done research in derivatives, producing with M. Avellaneda a generally accepted theory of the pinning of optionable stocks on expirations. Current research involves take-overs, earnings and special announcements, all topics covered in the course, Experimental Finance, he co-developed and teaches here in Columbia University with Sacha Stanton.