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Julie "the snake" Python is a known drug dealer and is always under surveillance by the police. One day she is stopped for jay walking and while speaking to the police consents for them to search her bags. This search produced 7 kilos of cocaine and 4 pounds of marijuana.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.
Put Option
A put option is a financial contract that gives the holder the right, but not the obligation, to sell a certain amount of an underlying asset at a specified price within a specific time frame.
Risk-Free Rate
The theoretical return on an investment with zero risk, often represented by the yield on government securities.
Strike Price
The specified price at which an option contract can be exercised.
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