THAT SECOND SOLUTION OF APPROXIMATING IS REALLY GOOD SPECIALLY CAT AND TIME POINT OF VIEW. IS THERE ANY CAUTION WE SHOULD MAKE OR APPLY APPROXIMATIONS AS MANY TIMES AS POSSIBLE. IS THERE ANY CLUE THAT WE SHOULD KNOW TO APPLY APPROXIMATION OTHER THAN LOOKING AT OPTIONS (IT IS TRUE THAT IF OPTIONS ARE SKEWED SO MUCH WE CAN APPLY APPROXIMATION).
THANK YOU.

If the options are far apart, then we are safer in approximating, true. However, only practice will give you a feel of what approximations will work and what won’t!

THAT SECOND SOLUTION OF APPROXIMATING IS REALLY GOOD SPECIALLY CAT AND TIME POINT OF VIEW. IS THERE ANY CAUTION WE SHOULD MAKE OR APPLY APPROXIMATIONS AS MANY TIMES AS POSSIBLE. IS THERE ANY CLUE THAT WE SHOULD KNOW TO APPLY APPROXIMATION OTHER THAN LOOKING AT OPTIONS (IT IS TRUE THAT IF OPTIONS ARE SKEWED SO MUCH WE CAN APPLY APPROXIMATION).

THANK YOU.

If the options are far apart, then we are safer in approximating, true. However, only practice will give you a feel of what approximations will work and what won’t!

regards

J