| Article ID: | iaor201522996 |
| Volume: | 13 |
| Issue: | 2 |
| Start Page Number: | 117 |
| End Page Number: | 131 |
| Publication Date: | Jun 1990 |
| Journal: | Journal of Financial Research |
| Authors: | Peterson David R |
| Keywords: | investment, statistics: empirical |
In this study common stock, call, and put option returns from 1983 to 1985 are examined by day of the week and time of day. Stock and call return patterns generally are similar, both having relatively low weekend returns and relatively high returns late in the trading day. Put options have high weekend returns, but do not have low returns late in the trading day.