← Search Journal of Finance Vol. 48 No. 5 1993 Why Option Prices Lag Stock Prices: A Trading-Based Explanation Kalok Chan; Y. Peter Chung; Herb Johnson DOI10.2307/2329075 Volume48 Issue5 Pages1957 Sources openalex crossref semanticscholar Cite APA 7 MLA 9 Chicago (author–date) Harvard Elsevier Harvard (JFE, JBF…) The Accounting Review Academy of Management American Marketing Association INFORMS (Management Science) Copy citation Copied ✓