Date Thesis Awarded


Access Type

Honors Thesis -- Access Restricted On-Campus Only

Degree Name

Bachelors of Arts (BA)




Carlisle E. Moody, Jr.

Committee Members

David Dessler

Alfredo Pereira


This paper demonstrates that crude estimators can correctly identify statistically significant technical patterns in major index data. The introduction of intra-day prices significantly improves a crude estimators' ability to identify technical barriers. Double tops are associated with increases in the prices of puts which indicates that supply and demand dynamics may impact options prices in ways not previously examined. Moreover, this may be a step in the right direction of identifying the supply and demand identification in options markets. Following in line with other work, this is in no way negates the Black-Scholes-Merton delta hedging instantaneous replication argument. It simply demonstrates that the Black-Scholes-Merton approach offers a very powerful but incomplete theory of options pricing.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.


Thesis is part of Honors ETD pilot project, 2008-2013. Migrated from Dspace in 2016.

On-Campus Access Only