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Deep Learning Option Pricing with Market Implied Volatility Surfaces

Bibliographic record. Follow the original-source link for the publication.

Field Value
Primary domain Volatility
Other domains
Methods Financial Ml
Facets Instrument Index Options
Authors Lijie Ding, Egang Lu, Kin Cheung
Published 2025-09-07
Source arXiv Quantitative Finance History
Identifiers arxiv:2509.05911
URL Open original source

Editorial synthesis

Why it matters

This preprint compresses implied-volatility surfaces with a VAE and combines latent factors with an MLP pricer, potentially changing computational cost and valuation throughput for American and Asian options, though the claims remain abstract-level. (abstract:S1, abstract:S3, abstract:S4, abstract:S5, abstract:S7, abstract:S8)

Main author claims

  • The authors claim to construct arbitrage-free volatility surfaces from EOD S&P 500 options and compress cross-maturity/strike surfaces into a 10-dimensional VAE latent space. (abstract:S2, abstract:S3)
  • They claim staged training with final end-to-end fine-tuning yields an efficient one-pass pricer and achieves high accuracy for American and Asian options, with errors concentrated in long maturities and ATM strikes. (abstract:S4, abstract:S5, abstract:S6, abstract:S7)

Data, method, or discussion scope

The scope covers stated architecture and training flow only; no explicit loss metric definitions, baseline definitions, compute budget, or data-cleaning rules are provided. (abstract:S1, abstract:S2, abstract:S3, abstract:S4, abstract:S5, abstract:S6, abstract:S7, abstract:S8)

Main limitations

Accuracy is reported without error distributions or significance thresholds; failure modes in input drift, reconstruction anomalies, and production monitoring thresholds are not defined. (abstract:S6, abstract:S7, abstract:S5, abstract:S1)

Relationships

  • None recorded.