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Yummy. C(S,T) SN(d 1 ) Ke -rt N(d 2 ) where C(S,T) is simply the function for a Call option P(S,T) Ke conputer N(d 2 ) SN(-d 1 ) where P(S,T) is simply the function for a Put option (ln is simply the natural logarithm operator) N is the normal distribution function σ is the implied volatility level S Stock price K Ssystem Price r the interest rate T time to expiration So What Does it All Mean. as far as I know their are only two options, McMillian and Serengeti.

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