Date :

MON TUE WED THU FRI SAT SUN

Port: A
S<K S>K
Pt Cal
Sock bond
K

By .Cay
Shot stock
S33.

Atu 3 mertho, lueetment

Buy tay -5SO

Shet put
Shoit sok
+Sygt6 t5y3.6
6.24 6.24
 Date
MON TUE yVED THU FRI SAT SUN

Ofoinowial Madel

8o
-122

ehd o month .
etemne the Paeniu

Cawwl be axercised hee pBYOhh 22-2/

lpeoaud (u) 22)-I

d 8 0"9
20
 Date:
MON TUE WED THU FRI SAT SUN

Psobalilly
I|-0.g

douen

Catt C=(p1 x 1 +p Xo)xe-K

psuniun
-Dr043+124
(os XI).-+ (o y5 xo)xe

20
8

enim pixo
Xe
5o4X (34 12)
|23L
 Date :
MON TUE WED THU FRI SAT SUN

each
mou douw
doww by 1o.. Ba ch
monh
die
total ume "3nontho X2 +tne g}e Jon
6monho] Rt =4). .P.

(18)
(l6.)

3M 6monho

`uuoheawCall

-o.04x (3+12)
 Date :
MON TUE WED THU FRI SAT SUN

p:eF X

-0 D4x (3412)

(i9x D:sT)+ (DXo-45) xe

all plemiun

(9 .2
2.49
((8)

(osSxo) lous x|-2) x'e-t

(ox2) +(0YSX4-&) xe
2.9

put paenuium ' (0SXo:S3) + (ois X2.99)

 Date
MON TUE WED THU FRI SAT SUN

pxice 3montho
eQch the
bol tb expecded to go up by by.
douw by

6).

S2

S3

d: 9s
et,
 Pt picmium
Date
MON TUE WED THU FRI SAT SUN

(S-|8 Yo s6xe (atli pasm 229X

=|-6}

honce
erec
S3-51:premium

(Catp Pueady2909

Coueet

sorz )
S |29

Put
p-276)
Sor (o

47

51-47S s 35(payk6S.12SS-8s
s io ig hic @3-S

Ameican , 3 witl be talen

Lnomplete )
 Date :
MON TUE WED THU FRI SAT SUN

# Black Sehole's Mode!

Assuwmpliono
2 No hanncen cost axes
constn

SeteminL he paemium to call .2

o þut .t-6 ontho. Vauance o thestock
(SD) Volatliy

+ Xt
S-Spot ike

02
Q.02

t
di t
2

0:2692, ’ fom tab)e ’0f6' 07764

 Date :.
MON TUE WED THU FRI SAT SUN

di.sh 3 Pals bot

foom 4able.
0"6 = 0-7764

O0b.o

D.93)’0:93x 0. po3o
O.00249 :

’ Now, o77919
Gnal value

de O62 48
Yom table
D-63 O-73S4

D.48 X00033

Nd)
» Now 2S4 +0324 D734974
Pinal value
 Date
MON TUE WED THä FRI SAT SUN

lal SoxNdi) - Ke -

XNd)
-0-1K (6+12)

jot put biemium,

p² C+ Ke

-0.1234
Look at - e table

0. 4S22
-0"13

O.001326

’0us22 - 0.00132 6 'voluo aO.

 a Ewepcan Cal optiou
wolaity 6 mohs
Call
put ueng Blach shole' Mo lel.

D.3)81

d2= 0 318|
010S9

di o382
032 = o62S
o.0038

82 X D.0o8 376
 bate :
SUN
MON TUE WED THU FRI SAT

Now Nd). pute 49

0 43323

d2
D.10 0.S39 8

0. 0040
Now
S9X o 00y
0 236

) o236 + 0S39
.1788 (Nd)

Cau psemi
eum
s0xo4333
0.eS X(6412)
40xe

37.332 -lq.7868
 Date:
MON TUE WED THU FRI SAT SUN

di p, 318 2
de
Nd1 o 62481G brwes.
Nd2 0S224
Phemi um
put

decleueol

..Nes So Pv o cvau o'soxe

34

Cont age = Fr>s

backadalion PP<s.
Theoei cal Hute þsice. : Soe
wthen t ates them 4he
atual }utue
au be ade
 Date:
MON TUE WED THU FRI SAT SUN
3 moutH
Comider a
to bwchase a nou- diydenol
PaYtock n 3 mentho
MP R. o 3 ments

thadig 43.

Thegseial pica
oweupticed
bsice sheuld b y2
Arf> TPp (Thtichal tule
stoch
Buy
9 AFP< TPP
:.Undorvalu. &o.
Sel stoch

Buy stotbo

3 outh
 Date
MON TUE WED THU FRI SAT SUN

u acual b 39. hat

waulo b talen

Sollugstoc,beaoo 4o, to be
Yoxe

43- 4oS

APP : 34.
Ap< TP LTPP
So, Undervalued
buy
Se eo ck 40.5

Nitsic
 Date:

Jouly theoy MON TUE WED THU

FRI SAT SUN

(Nd)
Rate o
Chage
Gamna Chaye in o-4 stod pie chagepice
nstoe

Theta Tiee to epy

Volalilty
Meaoe Bpfon Senaiti ity
Neuteal
aloay 1.