Also, options were priced (and this price agreed upon both parties) long before ...

		pfortuny on Sept 30, 2019 \| parent \| context \| favorite \| on: Negative Rates Are Rewriting the Rules of Modern F... Also, options were priced (and this price agreed upon both parties) long before the formula. So, the formula is just a technical so to say after-the-fact explanation of the pricing. Interesting as a technical tool, but not mind-shattering per se.