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2500 3000 3500

Strike prices

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Semi-parametric Gamma: 10-01-1997

2500 3000 3500

Strike prices

0 5 10 15 20 25

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SPDs and bootstrap CB, tau= 49 days

2400 2600 2800 3000

Stock price at expiry S(T)

0 5 10 15 20 25 30

density*E-4

ÿ !"$#%&'()*,+-./"-+-0#'"21

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SPDs and bootstrap CB, tau= 49 days

0.8 0.9 1 1.1

S(T)/F(t,T)

0 2 4 6 8

density

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