European Option Pricing Formula in Risk-Aversive Markets

Table 2

Parameter estimation of , , and for put options.

0.0015	2018/09/26	2.20	2.512	0.0630	2.6567	2.7068	2.7568
0.0027	2018/09/26	2.25	2.512	0.0630	2.2078	2.2578	2.3079
0.0055	2018/09/26	2.30	2.512	0.0630	1.7687	1.8187	1.8688
0.0115	2018/09/26	2.35	2.512	0.0630	1.3390	1.3891	1.4391
0.0165	2018/10/24	2.30	2.512	0.1397	1.1936	1.2681	1.3427
0.0205	2018/09/26	2.40	2.512	0.0630	0.9184	0.9684	1.0185
0.0247	2018/12/26	2.20	2.512	0.3123	1.2061	1.3175	1.4289
0.0255	2018/10/24	2.35	2.512	0.1397	0.9051	0.9796	1.0541
0.0324	2018/12/26	2.25	2.512	0.3123	1.0044	1.1158	1.2273
0.0343	2018/09/26	2.45	2.512	0.0630	0.5064	0.5565	0.6066
0.0371	2018/10/24	2.40	2.512	0.1397	0.6226	0.6971	0.7717
0.0432	2018/12/26	2.30	2.512	0.3123	0.8072	0.9186	1.0300
0.0528	2018/10/24	2.45	2.512	0.1397	0.3460	0.4205	0.4950
0.0531	2018/09/26	2.50	2.512	0.0630	0.1028	0.1529	0.2029
0.0565	2018/12/26	2.35	2.512	0.3123	0.6142	0.7256	0.8371
0.0608	2019/03/27	2.25	2.512	0.5616	0.7585	0.9079	1.0574
0.0730	2019/03/27	2.30	2.512	0.5616	0.6114	0.7609	0.9103
0.0733	2018/10/24	2.50	2.512	0.1397	0.0749	0.1495	0.2240
0.0734	2018/12/26	2.40	2.512	0.3123	0.4253	0.5367	0.6481
0.0791	2018/09/26	2.55	2.512	0.0630	−0.2928	−0.2427	−0.1927
0.0902	2019/03/27	2.35	2.512	0.5616	0.4675	0.6169	0.7664
0.0920	2018/12/26	2.45	2.512	0.3123	0.2402	0.3517	0.4631
0.0989	2018/10/24	2.55	2.512	0.1397	−0.1908	−0.1162	−0.0417
0.1074	2019/03/27	2.40	2.512	0.5616	0.3266	0.4761	0.6255
0.1117	2018/09/26	2.60	2.512	0.0630	−0.6807	−0.6307	−0.5806
0.1140	2018/12/26	2.50	2.512	0.3123	0.0589	0.1704	0.2818
0.1244	2019/03/27	2.45	2.512	0.5616	0.1886	0.3381	0.4875
0.1284	2018/10/24	2.60	2.512	0.1397	−0.4513	−0.3767	−0.3022
0.1401	2018/12/26	2.55	2.512	0.3123	−0.1188	−0.0073	0.1041
0.1483	2019/03/27	2.50	2.512	0.5616	0.0534	0.2029	0.3523
0.1498	2018/09/26	2.65	2.512	0.0630	−1.0613	−1.0112	−0.9612
0.1686	2018/12/26	2.60	2.512	0.3123	−0.2930	−0.1816	−0.0701
0.1750	2019/03/27	2.55	2.512	0.5616	−0.0791	0.0704	0.2198
0.1908	2018/09/26	2.70	2.512	0.0630	−1.4347	−1.3847	−1.3346
0.2003	2018/12/26	2.65	2.512	0.3123	−0.4640	−0.3525	−0.2411
0.2007	2018/10/24	2.70	2.512	0.1397	−0.9576	−0.8831	−0.8086
0.2009	2019/03/27	2.60	2.512	0.5616	−0.2090	−0.0596	0.0899
0.2278	2018/12/26	2.70	2.512	0.3123	−0.6317	−0.5203	−0.4088
0.2312	2019/03/27	2.65	2.512	0.5616	−0.3365	−0.1870	−0.0376
0.2370	2018/09/26	2.75	2.512	0.0630	−1.8013	−1.7512	−1.7012
0.2440	2018/10/24	2.75	2.512	0.1397	−1.2038	−1.1293	−1.0547
0.2635	2019/03/27	2.70	2.512	0.5616	−0.4616	−0.3121	−0.1627
0.2657	2018/12/26	2.75	2.512	0.3123	−0.7964	−0.6849	−0.5735
0.2828	2018/09/26	2.80	2.512	0.0630	−2.1613	−2.1112	−2.0612
0.2976	2019/03/27	2.75	2.512	0.5616	−0.5844	−0.4349	−0.2855
0.3089	2018/12/26	2.80	2.512	0.3123	−0.9580	−0.8466	−0.7352
0.3323	2018/09/26	2.85	2.512	0.0630	−2.5149	−2.4648	−2.4148
0.3330	2019/03/27	2.80	2.512	0.5616	−0.7049	−0.5555	−0.4061
0.3477	2018/12/26	2.85	2.512	0.3123	−1.1169	−1.0054	−0.8940
0.3810	2018/09/26	2.90	2.512	0.0630	−2.8623	−2.8123	−2.7622
0.3939	2018/12/26	2.90	2.512	0.3123	−1.2729	−1.1615	−1.0501
0.4315	2018/09/26	2.95	2.512	0.0630	−3.2039	−3.1538	−3.1037
0.4405	2018/12/26	2.95	2.512	0.3123	−1.4263	−1.3149	−1.2035
0.4810	2018/09/26	3.00	2.512	0.0630	−3.5396	−3.4896	−3.4395
0.5813	2018/09/26	3.10	2.512	0.0630	−4.1947	−4.1447	−4.0946
0.6809	2018/09/26	3.20	2.512	0.0630	−4.8290	−4.7789	−4.7289
0.7798	2018/09/26	3.30	2.512	0.0630	−5.4438	−5.3937	−5.3437
0.8793	2018/09/26	3.40	2.512	0.0630	−6.0402	−5.9901	−5.9401
0.9790	2018/09/26	3.50	2.512	0.0630	−6.6193	−6.5692	−6.5192
1.0807	2018/09/26	3.60	2.512	0.0630	−7.1821	−7.1320	−7.0820