The put option gives the buyer the right, but not the obligation, to sell a given quantity of the underlying asset at a given price on or before a given date. The put option gives the buyer the right to sell the underlying asset at the exercise price up to the date of the contract. […]
Put Option and Its Payoff Position | Derivatives | Forex Management
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Valuation of Put Option using Black-Scholes Model | Forex Management
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An alternative form of valuation is to use the Black-Scholes formula for a put, which is: P = Xe –r(T-t) [1-N(d2)] – S [1-N(d1)] Where d1 and d2 are as given in the section deriving a call option. Note that [1 – N(d2)] is the same as N(-d2) and [1 – N(d1)] is the same […]