One ex-VP at a big investment bank said once that it uses Racorean’s equation (see. http://arxiv.org/abs/1307.6727 ) for pricing bitcoin options.
-σ^4/r(σ^2+r) (d^2 ψ_((S) ))/(dS^2 )+1/S^2 ψ_((S) )=r/σ ψ_((S) )
Is there anybody else that uses the time-independent pricing for pricing bitcoin options or for trading binary /weekly/American options?
Sir Soumitra Kumar Mallick
Sorry about this but I thought Bitcoins have been made illegal somewhere and anyway I have shown (all papers on my RG page) fiat money has enough problems of its own so far as financial and asset markets are concerned. Instead of merging with other types of private money you can socially improve welfare by merging with more innovative financing options.
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