50-Years of Black-Scholes: Nobel Victory, Options Revolution
May 26, 2023
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Michael Buck
C=S N(d1) − Ke−rt N(d2) In the annals of financial history, few accolades hold as much prestige and recognition as the Nobel Prize. Such is the case with the Black-Scholes options pricing model, which achieved the remarkable feat in 1997 thanks to the persistence of a select group of professionals who saw its […]
Risk of USD/JPY Weakness Seen in the Options Markets
May 18, 2023
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Michael Buck
SUMMARY The next Bank of Japan meeting is scheduled for 16 June which will be the second meeting with new governor Ueda in charge. There is a possibility that the Ueda will make changes to the BOJ yield curve controls. The market is starting to position for the risk of a downward move in USD […]