A Numerical Study of Different Convenient Methods for Pricing Put Option

Solving option pricing problems numerical methods form an essential part. This paper discusses five numerical methods: Black-Scholes-Merton, Monte Carlo, Binomial, Trinomial, and Finite Difference. A comparison of these methods for both European and American put options shows a graphical representation. Here Computer Algebra System (CAS) Python is used for this work. All these methods give almost the same results, but Crank Nicolson FDM gives us more accurate results