Excel Spreadsheets for Binary Options
This article introduces binary options and provides several pricing spreadsheets.
Binary options give the owner a fixed payout (which does not vary with the price of the underlying instrument) or nothing at all. Most Binary options are European-style; these are priced with closed-form equations derived from a Black-Scholes analysis, with the payoff determined at expiry.
Cash or Nothing & Asset or Nothing Options
This Excel spreadsheet prices Cash or Nothing & Asset or Nothing options
Two-Asset Cash-or-Nothing Options