option calculator

#1
Hello senior members
I belief I can gain knowledge through this forum.
Ok.here is my first query. I have seen an option Calculator at idbi paisabuilder website. can anybody explain with example?
Calculator contents are
1. Option type
2. Spot price
3. Strike price
4. Time until expiry
5. Interest rate
6. Volality
7. Option price
Thanks.
 

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