European Put Option Valuation with Statistical Tests for Capital Market Investments

Wobo Omezuruike Gideon, Essi Isaac Didi, Davies Iyai, A. and Nwaoburu Adols Okechukwu
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Wobo Omezuruike Gideon: Department of Mathematics & Statistics, Captain Elechi Amadi Polytechnics, Port Harcourt, Nigeria.
Essi Isaac Didi: Department of Mathematics Rivers State University Nkpolu Oroworokwo, Port Harcourt, Nigeria.
Davies Iyai, A.: Department of Mathematics Rivers State University Nkpolu Oroworokwo, Port Harcourt, Nigeria.
Nwaoburu Adols Okechukwu: Department of Mathematics Rivers State University Nkpolu Oroworokwo, Port Harcourt, Nigeria.

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Abstract: The analysis of European put option implies contracts which permit investors to sell particular number of securities within specified time frame at a predetermined price. In particular, the Black-Scholes put option were investigated on the share prices of Fidelity, Access and Merged Banks which paved way to obtain put option close form prices. The table results were presented on disparities of put option prices at specified time frame and the effect of the relevant parameters were discussed. Also, the share prices were subjected to statistical test using Bartlett's test, Fisher's F-max test and Cocharan's C-test. The results show that the variances of the shares prices are different from Bartlett and Fisher tests while Cocharan's C-test was on the contrary which informs investors to make some vital decisions. The results presented here will also be beneficial to banks managements for decision making depending on their share price changes.

Date: 2025-05-28
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Published in Asian Journal of Economics, Finance and Management , 2025, 7 (1), pp.361-369. ⟨10.56557/ajefm/2025/v7i1279⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05089795

DOI: 10.56557/ajefm/2025/v7i1279

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