Key Takeaway

The Black-Scholes model calculates the theoretical fair value of European options based on five inputs: stock price, strike price, time to expiry, risk-free rate, and implied volatility.

Black-Scholes Option Pricing Calculator

Calculate theoretical Call and Put option premiums.

Theoretical Call Price

47.20

Theoretical Put Price

38.59

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Frequently Asked Questions

What does the Black-Scholes model calculate?

It calculates the theoretical fair value of European-style options based on spot price, strike price, time to maturity, interest rates, and volatility.

Why is the market price of an option different from the theoretical price?

The Black-Scholes model assumes constant volatility. The market price fluctuates based on Implied Volatility (IV) driven by supply and demand.

Can Black-Scholes price American options?

No, standard Black-Scholes only prices European options (which can only be exercised at expiry). American options require binomial models, although the price differences are often minor.

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