Monday, December 16, 2019

black scholes - The greeks: where do they come from?


I’m studying the BSM model and having a look at the greeks. I was reading Derivatives, by Paul Wilmott, and he gives the closed form solutions without making the reader see where these solutions come from.



Is there a good book that explains in detail how each greek, from Delta to Rho, is derived and computed?




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