BLACK-SCHOLES OPTION PRICING MODEL
	Enterprise Derivatives Pricing & Risk Analytics
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	OPTION PARAMETERS				BLACK-SCHOLES CALCULATIONS
	Parameter	Value	Unit		Component	Formula	Value
	Spot Price (S)	$100.00	$		d1	(ln(S/K)+(r-q+σ²/2)T) / (σ√T)	0.250000
	Strike Price (K)	$100.00	$		d2	d1 - σ√T	0.050000
	Time to Expiration (T)	1.0000	Years		N(d1)	Cumulative normal of d1	0.598706
	Risk-Free Rate (r)	5.00%	%		N(d2)	Cumulative normal of d2	0.519939
	Volatility (σ)	20.00%	%		N(-d1)	1 - N(d1)	0.401294
	Dividend Yield (q)	2.00%	%		N(-d2)	1 - N(d2)	0.480061
	Option Type	Call	Call / Put		n(d1) [PDF]	Standard normal PDF at d1	0.386668
					Discount Factor e^(-rT)	PV factor	0.951229
					Dividend Factor e^(-qT)	Dividend PV factor	0.980199
	PRICING RESULTS
	Metric	Value			GREEKS OVERVIEW
	Call Option Price	$9.23			Greek	Call	Put
	Put Option Price	$6.33			Delta (Δ)	0.5869	-0.3933
	Selected Option Price	$9.23			Gamma (Γ)	0.018951	0.018951
					Theta (Θ) /day	-0.0139	-0.0063
	Put-Call Parity Check	0.00000000	(should be 0)		Vega (ν) /1%	0.3790	0.3790
	Intrinsic Value	$0.00			Rho (ρ) /1%	0.4946	-0.4566
	Time Value	$9.23			Vanna	-0.094753	-0.094753
	Moneyness (S/K)	1.0000			Volga (Vomma)	2.368822	2.368822
	Moneyness Status	At-the-Money			Charm (Delta Decay)	-0.000162	-0.000108
	Notes
	1. Blue values are user inputs. Black values are calculated formulas. Modify blue cells to update the model.
	2. The model uses the generalized Black-Scholes (Black-Scholes-Merton) formula with continuous dividend yield adjustment.
	3. Greeks are computed analytically (closed-form). Theta is expressed per calendar day. Vega and Rho are per 1% move.
	4. Put-Call Parity: C - P = S*exp(-qT) - K*exp(-rT). The check cell should equal zero (or near-zero due to rounding).