OpPrice v1.2Introduction===========        OpPrice is an option valuation program for the Newton MessagePad.OpPrice is powerful, yet easy to use. Just enter the five variables thatdetermine an option's theoretical value (price, strike price, volatility,time remaining, and short term interest rate) and tap the "Calc" button. Theoption's values (price, delta, gamma, vega and theta) will be displayed forcalls (and puts in the registered version).Installation===========        OpPrice installs like most other Newton packages.        1. Make sure that the cable from the Mac/PC is connected properly to           the Newton.        2. Start a Newton package installer on the Mac/PC (such as the Newton           Connection Kit).        3. Select "Install package" (or equivalent) from the menu bar and           choose OPPRICE.PKG.        4. On the Newton, tap "Connection" in Extras then the appropriate           type of connection (such as Macintosh serial).        5. OpPrice should install automatically in a few seconds.File list========         This is a complete file list.        1. OpPrice.pkg - the main program in Newton package format.        2. ReadMe.txt - this file.        3. Catalog.txt - a catalog of other B.P.S., Inc.'s products.        4. OrderForm.txt - the form for registering OpPrice.Using OpPrice=============        OpPrice is a very easy program to use. Enter the five requiredvariables that determine an option's theoretical value. The input boxes allowfor hand writing recognition or keyboard entry. Price, volatility, and timemay be changed on the fly with up and down arrows. To calculate the option'stheoretical value, tap the "Calc" button. The option's call price (callp),delta (calld), gamma (callg), vega (callv) and theta (callt) will bedisplayed. (Put values can only be displayed on the registered version.)        To change a price by one tick, press either the up or down arrownext to "Price". To change the volatility by a tenth of a percent, presseither the up or down arrow next to "Volatility". To change the timeremaining by one day, press either the up or down arrow next to "Time".        To setup the parameters for a specific contract, tap the "Info"button. A price can be shown as a "Decimal" or a "Fraction". With a"Fraction" price, the number after the decimal point is the number of ticks.For example, Treasury Bonds are traded in 1/32nds. If the "Underlying ticks"is 32 and the numbers are displayed in fractions, then 95 5/32 will be shownas 95.05. A contract may also be a "Future" (for options on futures contracts),a "Stock" (for options on stocks), or a "Currency" (for options on FOREX).Both the "Underlying ticks" and the "Option ticks" may be specified. The"Invert" option is only for Eurodollar and Treasury Bill options.        Many different option contacts may be stored in OpPrice v1.2. Tocreate another option contract, tap the action button and choose "Duplicate".A new option contact, exactly like the current one will be created. The newoption contract may then be modified as needed. Tap the overview button for alist of contracts. Tap on a contract to display it.        Spreads are a new feature in OpPrice v1.2. Simple bull/bear spreads,straddles, and strangles may now be calculated. To calculate a spread, changethe type in the top right corner to the desired spread type (Option, Spread,Straddle, or Strangle). If using a spread that requires two differentstrikes, set the price to display both strikes separated by a slash (94/96).Examples========        Treasury Bond: Fraction, Future, 32, 64        Eurodollar: Decimal, Future, 100, 100, Invert        S&P: Decimal, Future, 20, 20        Crude Oil: Decimal, Future, 100, 100        Gold: Decimal, Future, 10, 10        Soybeans: Decimal, Future, 4, 8        Live Cattle: Decimal, Future, 40, 40        Cotton: Decimal, Future, 100, 100        IBM: Decimal, Stock, 8, 16        Deutsche Mark (FOREX): Decimal, Currency, 100, 100Bibliography============        The following is a list of excellent books and articles about optionpricing and/or trading.Barone-Adesi, Giovanni and Whaley, Robert E."Efficient Analytic Approximation of American Option Values."The Journal of Finance, 47 (June 1987), 301-320.Black, Fischer and Scholes, Myron."The Pricing of Options and Corporate Liabilities."Journal of Political Economics, 81 (May-June 1973), 637-659.Bookstaber, Richard M.Option Pricing & Investment StrategiesChicago: Probus Publishing Co. 1987Cox, John C. and Rubinstein, Mark.Options MarketsEnglewood Cliffs, NJ: Prentice-Hall, Inc. 1985McMillan, Lawrence G.Options as a Strategic InvestmentNew York: New York Institute of Finance. 1986Natenberg, Sheldon.Option Volatility & Pricing: Advanced Trading Strategies and TechniquesChicago: Probus Publishing Co. 1994Tompkins, Robert G.Options AnalysisChicago: Probus Publishing Co. 1994Registration============        OpPrice is a shareware program that has a 30 day evaluation periodafter which a payment of $22 is required. As shareware, OpPrice wasdistributed freely in order to allow people to "test drive" it. The try-before-you-buy concept allows users to find out which programs are usefulbefore purchasing them. If a shareware program is useful or entertaining,please support it through registration. The registration fee for OpPrice isonly $22 and entitles you to the newest registered version of the program, aprinted manual, a Newton book manual, customer support (through the mail oron Compuserve, AOL, or the Internet), and information (and discounts) onother offerings from Burnham Park Software, Inc. To register, send your name,address, and a check or money order to:        Burnham Park Software, Inc.        P.O. Box #814        Chicago, IL 60690-0814        Phone: (312) 922-6313        BBS: (312) 922-2839        Compuserve: 71532,3271        AOL: Burnsoft        Internet: burnsoft@aol.com				WWW: http://execpc.com/~burnsoftDisclaimer==========        OpPrice is supplied as is. The author disclaims all warranties,expressed or implied, including, without limitation, the warranties ofmerchantability and of fitness for any purpose. The author assumes noliability for damages, direct or consequential, which may result from the useof OpPrice.ASP Ombusman statement======================        Burnham Park Software, Inc. is a member of the Association ofShareware Professionals (ASP). ASP wants to make sure that the sharewareprinciple works for you. If you are unable to resolve a shareware-relatedproblem with an ASP member by contacting the member directly, ASP may be ableto help. The ASP Ombudsman can help you resolve a dispute or problem with anASP member, but does not provide technical support for members' products.Please write to the ASP Ombudsman at 545 Grover Road, Muskegon, MI 49442-9427USA, FAX 616-788-2765 or send a CompuServe message via CompuServe Mail to ASPOmbudsman 70007,3536.