Thanks. I realize now I calculated those numbers I cited while leaving out the payoff from the .3 option since it wasn’t changing, then forgot to add it back in. Strange what Wikipedia says when there was this counterexample. If I have some time later I’ll check through the sources linked in the article.
Thanks. I realize now I calculated those numbers I cited while leaving out the payoff from the .3 option since it wasn’t changing, then forgot to add it back in. Strange what Wikipedia says when there was this counterexample. If I have some time later I’ll check through the sources linked in the article.