Template-Type: ReDIF-Article 1.0
Author-Name:  James A. Overdahl 
Author-Name:  H. Lee Matthews
Title:  The Use of NYMEX Options to Forecast Crude Oil Prices
Classification-JEL: F0
Pages:  
Volume:  Volume 9
Issue:  Number 4
Year:  1988
Abstract:  The recent introduction of traded options on crude oil futures contracts at the New York Mercantile Exchange (NYMEX) gives energy economists a new tool for forecasting the price of crude oil. Since the pricing of these options requires that market participants assess the probability distribution of future crude oil prices, a properly specified model of option pricing can be used to "back out" this assessment from observed option prices.
Handle: RePEc:aen:journl:1988v09-04-a07
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1912
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