Assertion: put's value | /r/HasProperty | based on moneyness
Facets:
Source sentences:
text: at nodes in the time-step corresponding to option maturity, value is based on moneyness; at earlier nodes, it is the discounted expected value of the option at the up- and down-nodes in the later time step, and, depending on option style (and other specifications - see below), of the bond value at the node.