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SCOUT· 62%32m·2023-06-26·Money
SCOUT· 62%32m·2023-06-26·MoneyBlack Scholes Turns 50
Alpha Exchange · 126
As we cue up some new guests for the Alpha Exchange, some reflections from your host on the Black Scholes model and its 50th anniversary. No model is perfect and traders must grapple with real world frictions not entertained by the model. I discuss how option market participants make adjustments and why. Hope you…
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