Registered: May 2006
06-28-12 03:43 AM
Quote from atticus:
Curious, in what way? I've not other than the vanilla vertical vs. the Euro-style KI/barriers.
to me the binary pricing strips out alot of unnecessary inputs, if you price a very short term option with a binary the results are quite similar, I was responding to cd's post regarding vol. It is just an input albeit a very important one. I think people get lost studying the greeks, so you end up spending gobs of time on the inputs, to me its what's the position, what's the trade.