Since his 1994 product review,the product has been expanded and revised. Version A17 includes many new capabilities. The graphics are really good. Changing a graph is much more powerful than a set of numbers. Fun to use.
Students learn it very quickly.
Theta,for instance,measures the dollar change in contract value with each passing day. With the continuous dividend feature,it's easy to model index dividend yields. You can also value options on futures by setting the continuousdividend rate equal to the risk-free interest rate,so long as all the options are based on a single underlying futures contract. You can specify the number of units per contract, so the new Options Laboratory can evaluate commodity and currency options. And of course you can use Options Laboratory's unique animation feature with all these new capabilities.