April 2015
Intermediate to advanced
340 pages
7h 21m
English
Content preview from Mastering Python for FinanceBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Finite differences in options pricing
Finite difference schemes are very much similar to trinomial tree options pricing, where each node is dependent on three other nodes with an up movement, a down movement, and a flat movement. The motivation behind the finite differencing is the application of the
Black-Scholes Partial Differential Equation (PDE) framework (involving functions and their partial derivatives) whose price 
is a function of 
, with as the risk-free rate, as the time to maturity, and as the volatility of the underlying security: ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.