Version 2

Introduction
This spreadsheet is provided free of charge for you to use to further your education in options trading.
The formulas used were taken from two great books on option trading
Option Volatility and Pricing by Sheldon Natenberg
Financial Models using Excel by Simon Benninga
You can read more about these books from the www.OptionTradingTips.com website
http://www.OptionTradingTips.com

If you have any suggestions for this workbook or even have a bug to report, please feel free to email
me at admin@optiontradingtips.com

I have written all the formulas in Visual Basic using modules and are freely disclosed, so you may examine
the logic, edit and change the calculations as you like.

Release Updates
27/04/06 - Fixed a bug that failed to calculate the theoretical change in P&L for stocks in the strategies tab.
28/08/06 - Fixed a small calculation bug for the Option Theta, which now has a near perfect accuracy.
1/10/06 - Added support for Dividend Yield, which can be used as a workaround to price options on futures
by making the Dividend Yield the same as the Interest Rate.

Basic
The worksheet labelled Basic is a simple option pricer.
You simply enter the option details into the yellow shaded areas and
the output values will be displayed underneath in the blue shaded cells.

OptionPage
OptionPage is a worksheet that allows you to price a string of calls and puts for the same expiration
date. Again, you enter the option details into the yellow cells and the output values are in the blue
shaded cells.

You can calculate the market implied volatility for each option by simply typing in the market price of
the option in the column labelled "Market Price" and the volatility implied by the option's market value
will show in the column "Implied Volatility".

Column's A and L are where you can change the strike prices used for the calculations. Or you can just
have the values derive straight from the Underlying Price by default.

OptionStrategies
This worksheet lets you enter combinations of options positions so you can view the payoff/risk graphs.
The underlying data for the options is taken from the information entered into the OptionPage worksheet.
Then just enter the number of contracts for each position and remember to put a negative number for sell
positions.
For Type, just enter "c" for call options, "p" for put options and "s" for stock/futures position.
If you know what the option is trading at, you can enter the market price in the "override premium"
row to calculate the P&L of the position after taking into account the actual price of the option.
StrategyGraphs
This worksheet will show the current Greek position values of your option strategy while referencing the
a range of underlying prices. You can change the range of values by changing the cell A17 in the OptionStrateg
worksheet.
ation in options trading.

nTradingTips.com website

ease feel free to email

losed, so you may examine

r stocks in the strategies tab.

near perfect accuracy.
d to price options on futures

the same expiration

lues are in the blue

in the market price of

e option's market value

ulations. Or you can just

w the payoff/risk graphs.

the OptionPage worksheet.
a negative number for sell

tures position.
e "override premium"
e of the option.
egy while referencing the
he cell A17 in the OptionStrategies
http://www.OptionTradingTips.com

Underlying Price 25 The current base price of the instrument, eg, the closing price of Microsft Sto
Exercise Price 25 The price at which the underlying instrument will be exchanged. Also called S
Today's Date 4/15/2011
Expiry Date 5/21/2011 The Date which the contract expires
Historical Volatility 30% The Historical Volatility of the asset's returns
Risk Free Rate 3.50% The current risk free interest rate i.e. your return on cash held in the bank
Dividened Yield 2.00% The Annualized Dividend Growth Rate of the Stock
DTE (Years) 0.10

Call Option Put Option

Theoretical Price #VALUE! #VALUE!
Delta #VALUE! #VALUE! The amount that the theoretical price will change if the market m
Gamma #VALUE! #VALUE! The amount that the Delta will change if the market moves up/d
Theta #VALUE! #VALUE! The amount that the theoretical price will change when 1 day pa
Vega #VALUE! #VALUE! The amount that the theoretical price will change if the volatility
Rho #VALUE! #VALUE! The amount that the theoretical price will change if interest rates
he closing price of Microsft Stock
will be exchanged. Also called Strike Price

rn on cash held in the bank

price will change if the market moves up/down 1 point

hange if the market moves up/down 1 point
price will change when 1 day passes.
price will change if the volatility of the asset moves up/down by 1 percentage point
price will change if interest rates move up/down by 1 percentage point
 25.00 Underlying Price <-- Yellow cells are for user input
15-Apr-11 Today's Date <-- Blue cells are the calculated outputs
30.00% Historical Volatility This worksheet allows you to price multiple strikes for calls and puts
10-May-11 Expiry Date with the same Underlying Price. Remember, you can customise your
3.50% Risk Free Rate you like by using the formulas provided.
2.00% Dividend Yield
25 DTE
0.07 DTE in Years

Call Options
Theoretical
Market Implied Option Greeks
Strike Prices Price Price Volatility Delta Gamma Vega Theta Rho
22.50 ITM ### ### ### ### ### ### ###
23.00 ITM ### ### ### ### ### ### ###
23.50 ITM ### ### ### ### ### ### ###
24.00 ITM ### ### ### ### ### ### ###
24.50 ITM ### ### ### ### ### ### ###
25.00 ATM ### ### ### ### ### ### ###
25.50 OTM ### ### ### ### ### ### ###
26.00 OTM ### ### ### ### ### ### ###
26.50 OTM ### ### ### ### ### ### ###
27.00 OTM ### ### ### ### ### ### ###
27.50 OTM ### ### ### ### ### ### ###
rice multiple strikes for calls and puts for the same Expiry
. Remember, you can customise your own workbook any way

Put Options
Theoretical
Market Implied Option Greeks
Strike Prices Price Price Volatility Delta Gamma Vega Theta Rho
22.50 OTM ### ### ### ### ### ### ###
23.00 OTM ### ### ### ### ### ### ###
23.50 OTM ### ### ### ### ### ### ###
24.00 OTM ### ### ### ### ### ### ###
24.50 OTM ### ### ### ### ### ### ###
25.00 ATM ### ### ### ### ### ### ###
25.50 ITM ### ### ### ### ### ### ###
26.00 ITM ### ### ### ### ### ### ###
26.50 ITM ### ### ### ### ### ### ###
27.00 ITM ### ### ### ### ### ### ###
27.50 ITM ### ### ### ### ### ### ###
 Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
Contracts 1
Type Call
Strike 25
Calculated Premium #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Override Premium
Premium Used #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Delta #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Gamma #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Theta #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Vega #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Rho #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Graph Increment Profit / Loss at Expiration

1.00 12.00

10.00

8.00

6.00

4.00

2.00

0.00
20 21 22 23 24 25 26 27 28 29 30

P&L Payoff at Expiration Matrix

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Current Theoretical P&L Relative to Underlying Price Changes

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
 25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Current Position Delta Relative to Underlying Price Changes

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Current Position Gamma Relative to Underlying Price Changes

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Current Position Theta Relative to Underlying Price Changes

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Current Position Vega Relative to Underlying Price Changes

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
 23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00

Current Position Rho Relative to Underlying Price Changes

Underlying Price Strat1 Strat2 Strat3 Strat4 Strat5 Strat6 Strat7
20 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
21 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
22 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
23 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
24 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
25 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
26 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
27 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
28 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
29 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
30 #VALUE! 0.00 0.00 0.00 0.00 0.00 0.00
Strat8 Strat9 Strat10 Total

0.00 0.00 0.00

0.00 0.00 0.00 #VALUE! Total Cost

0.00 0.00 0.00 #VALUE! Position Delta
0.00 0.00 0.00 #VALUE! Position Gamma
0.00 0.00 0.00 #VALUE! Position Theta
0.00 0.00 0.00 #VALUE! Position Vega
0.00 0.00 0.00 #VALUE! Position Rho

Strat8 Strat9 Strat10 P&L Intercept

0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!
0.00 0.00 0.00 #VALUE! #VALUE!

Strat8 Strat9 Strat10 P&L

0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
 0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!

Strat8 Strat9 Strat10 Total

0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!

Strat8 Strat9 Strat10 Total

0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!

Strat8 Strat9 Strat10 Total

0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!

Strat8 Strat9 Strat10 Total

0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
 0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!

Strat8 Strat9 Strat10 Total

0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
0.00 0.00 0.00 #VALUE!
 P&L at Expiration Delta
12.00 12.00

10.00 10.00

8.00 8.00

6.00 6.00

4.00 4.00

2.00 2.00

0.00 0.00
20 21 22 23 24 25 26 27 28 29 30 20 21 22 23 24 25 26 27 28

Gamma Theta
12.00 12.00

10.00 10.00

8.00 8.00

6.00 6.00

4.00 4.00

2.00 2.00

0.00 0.00
20 21 22 23 24 25 26 27 28 29 30 20 21 22 23 24 25 26 27 28

Vega Rho
12.00 12.00

10.00 10.00

8.00 8.00

6.00 6.00

4.00 4.00

2.00 2.00

0.00 0.00
20 21 22 23 24 25 26 27 28 29 30 20 21 22 23 24 25 26 27 28
elta

25 26 27 28 29 30

heta

25 26 27 28 29 30

Rho

25 26 27 28 29 30
 IMPLIED VOLATILITY
Low Neutral
Buy Naked Puts Sell the
Bear Vertical Spreads: Underlying
Buy ATM Call/Sell ITM Call
Bearish
Buy ATM Put/Sell OTM Put
Sell OTM (ITM) Call (Put) Butterflies
Buy ITM (OTM) Call (Put) Time Spreads
M
A
R Backspreads Do Nothing
K Buy Straddles/Strangles
E Neutral
Sell ATM Call Or Put Butterflies
T
Buy ATM Call Or Put Time Spreads
D
I
Buy Naked Calls Buy the
R
E Bull Vertical Spreads Underlying
C Buy ATM Call/Sell OTM Call
T Bullish
Buy ATM Put/Sell ITM Put
I
O Sell ITM (OTM) Call (Put) Butterflies
N Buy OTM (ITM) Call (Put) Time Spreads
VOLATILITY
High
Sell Naked Calls
Bear Vertical Spreads:
Buy OTM Call/Sell ATM Call
Buy OTM (ITM) Call (Put) Time Spreads
Buy ITM (OTM) Call (Put) Butterflies
Sell OTM (ITM) Call (Put) Time Spreads

Ratio Vertical Spreads

Sell Straddles/Strangles
Buy ATM Call Or Put Butterflies
Sell ATM Call Or Put Time Spreads

Sell Naked Puts

Bull Vertical Spreads
Buy ITM Call/Sell ATM Call
Buy OTM Put/Sell ATM Put
Buy OTM (ITM) Call (Put) Butterflies
Sell ITM (OTM) Call (Put) Time Spreads
 100 Underlying Price
100 Exercise Price
15-Apr-11 Today's Date
25.00% Historical Volatility
14-Jun-11 Expiry Date
0% Risk Free Rate
0% Dividend Yield
60 DTE
0.16 DTE in Years

75 80 85 90 95 100 105 110 115

90 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
100 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
110 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Gamma vs Underlying Price

12

10

90
6 100
110

0
75 80 85 90 95 100 105 110 115 120 125
 120 125
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
 100 Underlying Price
100 Exercise Price
15-Apr-11 Today's Date
25.00% Historical Volatility
14-Jun-11 Expiry Date
0% Risk Free Rate
0% Dividend Yield
60 DTE
0.16 DTE in Years

75 80 85 90 95 100 105 110 115

90 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
100 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
110 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Vega vs Underlying Price

12

10

90
6 100
110

0
75 80 85 90 95 100 105 110 115 120 125
 120 125
#VALUE! #VALUE!
#VALUE! #VALUE!
#VALUE! #VALUE!
 100 Underlying Price
100 Exercise Price
15-Apr-11 Today's Date
25.00% Historical Volatility
14-Jun-11 Expiry Date
0% Risk Free Rate
0% Dividend Yield
60 DTE
0.16 DTE in Years

100 90 80 70 60 50 40 30 20
100 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
100 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Call Theta Call Option Price

12 12

10 10

8 8

6 6

4 4

2 2

0 0
100 90 80 70 60 50 40 30 20 10 1 100 90 80 70 60 50 40 30 20 10
 DTE Theta Theo % Diff
100 #VALUE! #VALUE! #VALUE!
99 #VALUE! #VALUE! #VALUE! #VALUE!
98 #VALUE! #VALUE! #VALUE! #VALUE!
97 #VALUE! #VALUE! #VALUE! #VALUE!
96 #VALUE! #VALUE! #VALUE! #VALUE!
95 #VALUE! #VALUE! #VALUE! #VALUE!
94 #VALUE! #VALUE! #VALUE! #VALUE!
93 #VALUE! #VALUE! #VALUE! #VALUE!
10 1 92 #VALUE! #VALUE! #VALUE! #VALUE!
#VALUE! #VALUE! 91 #VALUE! #VALUE! #VALUE! #VALUE!
#VALUE! #VALUE! 90 #VALUE! #VALUE! #VALUE! #VALUE!
#VALUE! #VALUE! 89 #VALUE! #VALUE! #VALUE! #VALUE!
88 #VALUE! #VALUE! #VALUE! #VALUE!
on Price 87 #VALUE! #VALUE! #VALUE! #VALUE!
86 #VALUE! #VALUE! #VALUE! #VALUE!
85 #VALUE! #VALUE! #VALUE! #VALUE!
84 #VALUE! #VALUE! #VALUE! #VALUE!
83 #VALUE! #VALUE! #VALUE! #VALUE!
82 #VALUE! #VALUE! #VALUE! #VALUE!
81 #VALUE! #VALUE! #VALUE! #VALUE!
80 #VALUE! #VALUE! #VALUE! #VALUE!
79 #VALUE! #VALUE! #VALUE! #VALUE!
78 #VALUE! #VALUE! #VALUE! #VALUE!
77 #VALUE! #VALUE! #VALUE! #VALUE!
76 #VALUE! #VALUE! #VALUE! #VALUE!
75 #VALUE! #VALUE! #VALUE! #VALUE!
50 40 30 20 10 1 74 #VALUE! #VALUE! #VALUE! #VALUE!
73 #VALUE! #VALUE! #VALUE! #VALUE!
72 #VALUE! #VALUE! #VALUE! #VALUE!
71 #VALUE! #VALUE! #VALUE! #VALUE!
70 #VALUE! #VALUE! #VALUE! #VALUE!
69 #VALUE! #VALUE! #VALUE! #VALUE!
68 #VALUE! #VALUE! #VALUE! #VALUE!
67 #VALUE! #VALUE! #VALUE! #VALUE!
66 #VALUE! #VALUE! #VALUE! #VALUE!
65 #VALUE! #VALUE! #VALUE! #VALUE!
64 #VALUE! #VALUE! #VALUE! #VALUE!
63 #VALUE! #VALUE! #VALUE! #VALUE!
62 #VALUE! #VALUE! #VALUE! #VALUE!
61 #VALUE! #VALUE! #VALUE! #VALUE!
60 #VALUE! #VALUE! #VALUE! #VALUE!
59 #VALUE! #VALUE! #VALUE! #VALUE!
58 #VALUE! #VALUE! #VALUE! #VALUE!
57 #VALUE! #VALUE! #VALUE! #VALUE!
56 #VALUE! #VALUE! #VALUE! #VALUE!
55 #VALUE! #VALUE! #VALUE! #VALUE!
54 #VALUE! #VALUE! #VALUE! #VALUE!
53 #VALUE! #VALUE! #VALUE! #VALUE!
52 #VALUE! #VALUE! #VALUE! #VALUE!
51 #VALUE! #VALUE! #VALUE! #VALUE!
50 #VALUE! #VALUE! #VALUE! #VALUE!
49 #VALUE! #VALUE! #VALUE! #VALUE!
48 #VALUE! #VALUE! #VALUE! #VALUE!
47 #VALUE! #VALUE! #VALUE! #VALUE!
46 #VALUE! #VALUE! #VALUE! #VALUE!
45 #VALUE! #VALUE! #VALUE! #VALUE!
44 #VALUE! #VALUE! #VALUE! #VALUE!
43 #VALUE! #VALUE! #VALUE! #VALUE!
42 #VALUE! #VALUE! #VALUE! #VALUE!
41 #VALUE! #VALUE! #VALUE! #VALUE!
40 #VALUE! #VALUE! #VALUE! #VALUE!
39 #VALUE! #VALUE! #VALUE! #VALUE!
38 #VALUE! #VALUE! #VALUE! #VALUE!
37 #VALUE! #VALUE! #VALUE! #VALUE!
36 #VALUE! #VALUE! #VALUE! #VALUE!
35 #VALUE! #VALUE! #VALUE! #VALUE!
34 #VALUE! #VALUE! #VALUE! #VALUE!
33 #VALUE! #VALUE! #VALUE! #VALUE!
32 #VALUE! #VALUE! #VALUE! #VALUE!
31 #VALUE! #VALUE! #VALUE! #VALUE!
30 #VALUE! #VALUE! #VALUE! #VALUE!
29 #VALUE! #VALUE! #VALUE! #VALUE!
28 #VALUE! #VALUE! #VALUE! #VALUE!
27 #VALUE! #VALUE! #VALUE! #VALUE!
26 #VALUE! #VALUE! #VALUE! #VALUE!
25 #VALUE! #VALUE! #VALUE! #VALUE!
24 #VALUE! #VALUE! #VALUE! #VALUE!
23 #VALUE! #VALUE! #VALUE! #VALUE!
22 #VALUE! #VALUE! #VALUE! #VALUE!
21 #VALUE! #VALUE! #VALUE! #VALUE!
20 #VALUE! #VALUE! #VALUE! #VALUE!
19 #VALUE! #VALUE! #VALUE! #VALUE!
18 #VALUE! #VALUE! #VALUE! #VALUE!
17 #VALUE! #VALUE! #VALUE! #VALUE!
16 #VALUE! #VALUE! #VALUE! #VALUE!
15 #VALUE! #VALUE! #VALUE! #VALUE!
14 #VALUE! #VALUE! #VALUE! #VALUE!
13 #VALUE! #VALUE! #VALUE! #VALUE!
12 #VALUE! #VALUE! #VALUE! #VALUE!
11 #VALUE! #VALUE! #VALUE! #VALUE!
10 #VALUE! #VALUE! #VALUE! #VALUE!
9 #VALUE! #VALUE! #VALUE! #VALUE!
8 #VALUE! #VALUE! #VALUE! #VALUE!
7 #VALUE! #VALUE! #VALUE! #VALUE!
6 #VALUE! #VALUE! #VALUE! #VALUE!
5 #VALUE! #VALUE! #VALUE! #VALUE!
4 #VALUE! #VALUE! #VALUE! #VALUE!
3 #VALUE! #VALUE! #VALUE! #VALUE!
2 #VALUE! #VALUE! #VALUE! #VALUE!
1 #VALUE! #VALUE! #VALUE! #VALUE!