PATENT CLAIM ANALYSIS

Application Number: 15979110
Application Type: Utility
Filing Date: 2018-05
Publication Date: 2018-09
Patent Classification: ["705", "037000"]

Abstract:
Methods and systems are described herein for pricing options. In particular, the option price is obtained by satisfying consistency conditions. A new technique is described for pricing an option using minimal inputs, while achieving self-consistent and accurate results. Techniques for generating contingent probability density functions from volatility smile data are also described herein. Techniques are also described for calculating paths for non-vanilla options. As conventional software and hardware may take several hours or days to perform these methods, systems for providing real-time option prices, some of which include destributed processing, are also described herein.

Claim (Index 15):
The system of  claim 9 , wherein the first node is further operable to store in memory the plurality of variable sets, the estimated density function, the plurality of density functions, the plurality of integral representations, term structure data, and the vanilla option price.

Metadata:
- Claim Count in Document: 1.0
- Percentile: 93.0
- Lexical Diversity: 1.47887
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['12983992', '13713200', '10492402', '11797691', '13168980']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1229451004949621
- 35 USC 102 Novelty (BERT): 0.5368910755325508
- Combined Prediction Score: 0.164339697998721
- Mean Citation Score: 329.994696
- Max Citation Score: 362.73758
- Similarity Product: 242.44938404902567

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test