Tier 4 · QuantFree
Options Pricing and Black-Scholes
The Greeks
10 modules~70 min totalVerifiable certificate on completion
Syllabus
01No-Arbitrage and Put-Call ParityMath
8 min02The Black-Scholes FormulaMath
8 min03Delta and GammaMath
8 min04Theta, Vega, and RhoMath
8 min05Implied Volatility and the Volatility SmileMath
8 min06No-Arbitrage and Replication
6 min07Delta and Dynamic Hedging
6 min08Gamma and Convexity
6 min09The Volatility Smile
6 min10Exotics and Volatility Products
6 minFrom Module 1 — read a sample
No-arbitrage is the iron rule: two portfolios with identical future payoffs in every scenario must cost the same today. If they didn't, you could buy the cheap one, sell the expensive one, and collect a riskless profit — and markets close such gaps almost instantly. Put-call parity is this rule applied to options: a call minus a put (same strike, same expiry) always equals stock price minus present value of the strike.
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