We provide very simple formulas for pricing both the European and American options.The existing methods of option pricing adopt strong assumptions. Furthermore, they use advanced mathematics to produce controversial pricing methods. The use of mathematically advanced models does not necessarily...

We devise a method to circumvent the complexity that arises from the option multi-dimensionality. That is, we transform the model to make it as simple as the one-dimensional case. Furthermore, the assumption of comonotonicity and other assumptions regarding the structure of the underlying asset...