I'm gonna say +1 on thinkorswim plugging values into a formula is one thing charting and playing with the sensitivities is another.
Based on this, it's safe to say the thread is a joke, or the OP can't tie his own shoes and could never trade options anyway.
Lasner, sure there is From "HOME" select "FEATURES" From "FEATURES" select "BLACK-SCHOLES TO THE PEOPLE" www.espenhaug.com/black_scholes.html Also 3D graphics including Black-Scholes From "FEATURES" Select "VIRTUAL REALITY OPTION WORLD" www.espenhaug.com/virtual_world/VirtualOptionWorld.html There are not many sites like this one. Carl
Sorry I missed this on the last post. http://xfraniatte.free.fr/BSphp.php3 Espen Haug also includes code for programing in Excel and says, " What about taking Black-Scholes in your head instead? If the option is about at-the-money-forward and it is a short time to maturity then you can use the following approximation:" call = put = StockPrice * 0.4 * volatility * Sqrt( Time ) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1012075 Carl
In my experience, I have had little luck or understanding the practical application of the Black Scholes Equation. Personally I have learnt a lot more from traders who work with options on a daily bases as opposed to the more theory, academia based crowd. Hope this helps. (P.S. There is a lot of good advice on these boards btw.)