This book contain the joy to use of enormous value as a teaching tool for students, novice traders, and those who suddenly find themselves in need of a reference for option behavior."-Futures Magazine "The animation is a good one. A deep insight into the price process pops out clearly. In my next semester course Black-Scholes Made Easy will be a useful tool for giving students the necessary intuitive view of the matter."-Professor Lucio Geronazzo, Mathematical Models for Financial Markets Il Dipartimento di Matematica per le Decisioni, Università degli Studi di Firenze "[S]imply the best. It makes every part of Black-Scholes so understandable. I knew Black-Scholes' option pricing model was important and use it every day in my trading, but never knew why or how it worked. [This] book and CD-ROM provided me with a clear understanding of the model, and best of all, all I needed to understand the model was a basic mathematical background and some common sense."-Dong-Wook Kim, Futures & Options Trader Equity & Derivatives Team, Hanwha Securities Co., Ltd In 1997, the Nobel Prize in Economics was awarded for the work that led to the development of Black-Scholes Options Pricing theory. Black-Scholes has become the dominant way of understanding and exploiting relationships among option prices, stock forecasts, and expected stock market volatility. Now, this accessible book and CD-ROM tutorial provides traders, investors, and finance students with an intuitive, interactive approach to understanding and using the Black-Scholes model. Integrating text and interactive computer animations and simulations that are presented in a straightforward manner, Option Pricing: Black-Scholes Made Easy teaches you the fundamentals of option valuation and dramatically shortens the learning curve for mastering and applying the theory and its analytic capabilities. Here is a sophisticated way of thinking made available to those who do not have the background necessary to do Nobel Prize-winning mathematics. You will be able to understand easily and intuitively the concepts that drive the Black-Scholes model. From making it easy for you to see and understand that "every financial forecast is a probability distribution" to tackling myths about options pricing, calculating options' expected returns, and providing a simple, low-risk options strategy, Option Pricing: Black-Scholes Made Easy demystifies this invaluable and profitable tool, shows you your investment odds, and teaches you how to take advantage of them