Documents Lecture 21: Options Markets. Options With options, one pays money to have a choice in the future...

Slide 1Lecture 21: Options Markets Slide 2 Options With options, one pays money to have a choice in the future Essence of options is not that I buy the ability to vacillate,…

Documents Lecture 22: Other Derivatives. Option Parameters Delta: Partial derivative of option price with...

Slide 1 Lecture 22: Other Derivatives Slide 2 Option Parameters Delta: Partial derivative of option price with respect to underlying price: ∂C/∂S Gamma: Second partial…