Contents

• What is a stock option?
• Previous Research on Pricing Models
• Black-Scholes Model
  • No dividends or cash flows are generated by the underlying asset
  • Only one interest rate is input, implying a flat yield curve
  • Black-Scholes formula
  
  
• Binomial Tree Model
  • Derivation
  
  
• Process for Testing Models
• Limitations of my Project
• Bibliography
• Code
  • website.phtml
  • php.phtml
  • stocks.phtml
  • quotes.phtml
  • opm.cpp
  
  
• About this document ...