A Semianalytical Solution of the Fractional Derivative Model and Its Application in Financial Market

Table 2

Numerical comparison for option 10000615.

Date	04/28/2016	04/29/2016	05/03/2016	05/04/2016	05/05/2016	05/06/2016	05/09/2016	05/10/2016	05/11/2016	05/12/2016
	0	−0.05104, −0.5153	−0.06578, −0.5399	0.1661, −0.6499	0.1686, −0.6764	0.1847, −0.7002	−0.1134, −0.7773	−0.626, −1.087	−0.4913, −1.265	−0.3173, −1.131
	0			0.1366, −0.5452	0.1383, −0.5656	0.1564, −0.5889
Paper result	0.166	0.1618, 0.1636	0.1862, 0.1791	0.1636, 0.1659	0.1614, 0.1622	0.1136, 0.1358	0.1013, 0.1204	0.118, 0.1187	0.1202, 0.1104	0.1208, 0.1135
Paper result ()	0.1622			0.1636, 0.1651	0.1614, 0.1618	0.113, 0.1287
Black-Scholes model	0.3826	0.3771	0.3919	0.3870	0.3847	0.3526	0.3316	0.3300	0.3334	0.3361
Actual value	0.1688	0.1625	0.1695	0.1634	0.1598	0.1328	0.1188	0.1151	0.1156	0.1105