Novel Approaches for Getting the Solution of the Fractional Black–Scholes Equation Described by Mittag-Leffler Fractional Derivative

Table 1

Parameters of the Black–Scholes equation.

Parameters	Description of the parameters.
and	The value of an option and the expiration time, respectively.
	The volatility of the underlining stock.
	The balance between the free interest rate and the volatility of the stock.
	The risk-less interest rate.
and	The strike price of the underlying stock and the asset price, respectively.