Editor's note: Chakri Cherukuri is a speaker for ODSC Europe 2023 this June.Be sure to check out his talk, "Fast Option Pricing Using Deep Learning Methods," there!In finance, options are financial instruments that give the holder the right to buy ( Call option) or sell ( Put option) the underlying asset (price S) at a fixed price (Strike K) on (or before) a fixed date (Maturity T).