Title: Option Pricing Models Driven by the Space-Time Fractional Diffusion: Series Representation and Applications,
Abstract: In this paper, we focus on option pricing models based on space-time
fractional diffusion. We briefly revise recent results which show that the
option price can be represented in the terms of rapidly converging
double-series and apply these results to the data from real markets. We focus
on estimation of model parameters from the market data and estimation of
implied volatility within the space-time fractional option pricing models.