INTERACTIVE TOOL

BLACK-76 CALCULATOR

Price commodity futures options using the Black-76 model. Instant analytical pricing and Greeks — no server needed.

INPUTS

Futures Price ($)

Strike Price ($)

Volatility (%)

Risk-Free Rate (%)

Time to Expiry (years)

Option Type

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Enter inputs and click Calculate

C = e^-rT [F·N(d1) - K·N(d2)]

P = e^-rT [K·N(-d2) - F·N(-d1)]

d1 = [ln(F/K) + ½σ²T] / (σ√T) d2 = d1 - σ√T

F = futures price, K = strike, σ = volatility, r = risk-free rate, T = time to expiry