Black-76 Options on Futures is an adaptation of the Black-Scholes-Merton Option Pricing Model including Analytical Greeks and implied volatility calculations. The following information is an excerpt from Espen Gaarder Haug's book "Option Pricing Formulas". This version is to price Options on Futures. The options sensitivities (Greeks) are the partial derivatives...
![WMT: Black-76 Options on Futures [Loxx]](https://s3.tradingview.com/v/VpsGfVA5_mid.png "Black-76 Options on Futures [Loxx]")
