Binomial Option Pricing Model

Current Stock Price (S0) The current price of the underlying asset

Strike Price (K) The agreed-upon exercise price

Time to Maturity (T) Time remaining until expiration (in years)

Risk-Free Rate (r) Annual risk-free interest rate (as percentage)

Volatility (σ) Annual volatility (as percentage)

Number of Steps (N) Number of binomial tree steps

Dividend Yield (q) Annual dividend yield (as percentage)

Option Type Select call or put option

American Option (allow early exercise)