Derivative calculator

The ability to calculate – and especially calculate very fast is an essential part of TOP. Several instruments like options and futures, has no meaning unless value are added in form of calculated numbers that give meaning and find the opportunities. TOP contains all the relevant formulas needed to calculate the correct theoretical price of a given financial instrument.

In Option trading and valuation of derivatives, a lot of supporting numbers must be calculated in order to make an informed decision for a trading opportunity.

Top in real-time calculates all greeks (Delta, Gamma, Theta, Vega, Rho) Implied values and synthetic calculations for long and short postions instead of buying the underlying asset.

Theoretical buying and selling opportunities are color highligted .As an example this could be the implied volatility for each expiration.

Option window

Embedded in top is a complete framework for theoretical option pricing. All relevant theoretical models are provided and automatically applied depending of the financial instrument choosen:

  • Black-76
  • Black-Scholes
  • Binomial
  • Trinomial
  • Garman Kohlhagen

Volatility Smile

The graph at the right, show a representation of the implied volatility – Also called volatility smile or skew.

It is recalculated in real-time for all expirations of the option quickly exposing any mispricing of the instrument.

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