OSCC to disclose its proprietary option pricing formula despite the economic consequences!
We have decided to disclose our "proprietary formula".We hope to be able to post a page explaining the formula by October 1, 2008.

The consequences!
We do not know how traders are going to accept this. Unlike the presently used model, ours shows how the support under the options is floated for different contracts on the same futures and how it floats differently in different futures. This may turn out to be less than a grain of sand on the beaches of Florida.
However, it may turn out to be a big deal. I do not know whether or not the exchanges and/or brokers are manipulating option premiums for their own profit or not. but the formula makes it extremely easy for any second year law student to stand before a jury with only an eighth grade education and make it appear as if they are in fact manipulating option prices in either stocks or commodities for the benefit of the exchanges and/or the brokers.
I know everyone is going to say that because no one knows which way the futures of stocks are going to go losses are expected. The response is that, while that is certainly true, they are also moving option prices in manner they have never disclosed. Thus a trader who may have made money on a trade if future movement was all that was going on, not only did he not make that money, but lost money and is entitled to collect both.
I do not have an opinion one way or the other and I am certainly not accusing them of this. In my opinion it will be extremely unlikely that any individual will bring an action to recover their losses due to the cost of litigation. On the other hand, class actions may have a chance due to the large numbers involved and because the army of experts from the exchanges and/or the brokers will talk in terms that will simply go over the heads of the average juror as compared to the explanation of our model that the average juror can easily grasp and understand. This may cost the exchanges and/or the brokers a small amount of money or none or could be so large as to close them down. What affect this will have on our economy I have no idea.

http://www.osccoptioncharts.com/osccformula.htm
OSCC