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How does
Valrex differ from Black-Scholes and other traded option pricing models?
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Black-Scholes and other traded option
pricing models presuppose that the option is liquid and result in a price
that has embedded within it the value of the option holder's selling privileges.
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Unlike traded option pricing models, Valrex
quantifies and then eliminates the value of the selling privileges embedded
within the value of an otherwise identical traded option.
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