XPO Pricing Calculator

• Web-Based XPO Calculator
  Note: The XPO Calculator uses Excel spreadsheets to display graphs. If you do not have Microsoft Excel installed on your computer, you can save the file and view it on a computer with Excel or install the free Excel Viewer provided by Microsoft.
  Note: Graphs are displayed in pop-up windows. If you have a pop-up blocker installed, you may need to temporarily disable it (usually by holding down the "CTRL" key) before pressing the Graph button.
• Margrabe Pricing Model  (Microsoft Excel document)
  Note: This document contains macros which allow the calculator to function. When opening this file, the macro security level must be set to "Medium" or lower and you must select "Enable Macros" to use the calculator effectively.

Disclaimer
The Margrabe XPO option calculator is being provided for general educational and informational purposes only and should not be considered complete, precise, or current. The calculator has been provided to assist interested parties in learning how theoretical XPO option prices and risk parameters are calculated. The XPO calculator is not to be used as the basis for any investment or risk management decisions and only represents one theoretical approach for pricing expirationless options.