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 12):
The system of  claim 10 , wherein the volatility smile data is based on a first function and a second function, and wherein the first function is based on a first plurality of integrals corresponding to a first set of strikes, and the second function is based on a second plurality of integrals corresponding to the first set of strikes.

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): 0.1228305717157974
- 35 USC 102 Novelty (BERT): 0.5366404686251641
- Combined Prediction Score: 0.164211561406734
- Mean Citation Score: 329.994696
- Max Citation Score: 362.73758
- Similarity Product: 255.2723826701498

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