What are your thoughts on this academic paper?<p>http://lfe.mit.edu/media/JunPan-INFO.pdf<p>Mark Hulbert wrote a piece on it in the NYT.<p>http://www.nytimes.com/2006/08/13/business/yourmoney/13stra.html?ref=business<p>My main question to the HN community is the following,<p>"Is this a strategy worth pursuing?"
I talked to someone who trades options and stocks every day and the comment was that this is pretty well known; that the volume of calls and puts is discussed pretty widely every day. Like all such information about the market, once it's widely disseminated and acted on, the opportunity to actually act on it successfully diminishes.