I was wondering if you could explain why the probabilities involved are different, in an intuitive way?

For instance, why are the variables d1 and d2 different?

If we only exercise the option when the stock price is above the exercise price, and the probability of that occurring is N(d1), why is the probability of the stock being above the stock price in the stock term N(d2) and not N(d1)?

]]>Could you please tell me how I could use this to help me sort my hsl values into a rainbow row of similar shades? ]]>

https://dl.dropboxusercontent.com/u/58052108/HCLClass.txt ]]>

Cheers!

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