What makes egg-heads think there's some algorithmic skeleton key that unlocks "fair value" for option prices, but not stocks? Or futures? Or bonds etc? All are leveraged instruments traded, in most part, for speculative gains. IMO, its a trap. Only fundamental brackets exist - or ranges of fair value - which can be so wide (given the irrationality of markets) to undermine their utility altogether! What makes the financial wizkids think they can solve one, but not the other? Isn't it obvious both are solvable or neither are!!