Function OPT_PROB_INMONEY

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# OPT_PROB_INMONEY

Returns the probability that an asset will end up between two barrier levels at maturity, assuming that the stock price can be modeled as a process S that follows the stochastic differential equation, as follows.

µ is the asset’s percentage drift, vol is the percentage volatility of the stock, and dW is a random sample drawn from a normal distribution with a zero mean. W is a Wiener process or Brownian motion.

If the optional Strike and PutCall arguments are included, then

- For a call option, the function returns the probability that the asset will end up between Strike and UpperBarrier.

- For a put option, the function returns the probability that the asset will end up between LowerBarrier and Strike.

The function ignores the possibility of knock-out before maturity.

For relevant background information, visit the Options (finance) and Black-Scholes model Wikipedia pages.

### Syntax

OPT_PROB_INMONEY(Spot; Volatility; Drift; Maturity; LowerBarrier; UpperBarrier [; Strike [; PutCall]])

Spot is the price / value of the underlying asset and should be greater than 0.0.

Volatility is the annual percentage volatility of the underlying asset expressed as a decimal (for example, enter 30% as 0.3). The value should be greater than 0.0.

Drift is the annual stock price percentage drift rate (µ in the above formula). The value is expressed as a decimal (for example, enter 15% as 0.15).

Maturity is the time to maturity of the option, in years, and should be non-negative.

Strike is the strike price of the option and should be non-negative.

Put or Call is a string that defines whether the option is a put (“p”) or a call (“c”).

### Exempel

=OPT_PROB_INMONEY(30;0.2;0.1;1;0;50) returns the value 0.9844.

=OPT_PROB_INMONEY(70;0.3;0.15;1;60;0;80;"p") returns the value 0.3440.

#### Technical information

This function is available since LibreOffice 4.0.

This function is NOT part of the Open Document Format for Office Applications (OpenDocument) Version 1.3. Part 4: Recalculated Formula (OpenFormula) Format standard. The name space is

COM.SUN.STAR.SHEET.ADDIN.PRICINGFUNCTIONS.GETOPTPROBINMONEY

Närliggande ämnen

OPT_PROB_INMONEY wiki page.

OPT_BARRIER

OPT_TOUCH

OPT_PROB_INMONEY

OPT_PROB_HIT

Financial Functions Part One

Financial Functions Part Two

Financial Functions Part Three

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