Option Pricing Models and Option Pricing Techniques Origins

In the limited word, I would like to introduce you guys where Option Pricing Model and Option Pricing Techniques appeared. Get to know more about the history or origins of these can help trader somehow in their trading.
You know, modern option pricing techniques are often considered as one of the most mathematically complex of all applied areas of finance. Most of the techniques and models employed by today's analysts are rooted in a model developed by Myron Scholes and Fischer Black in 1973. This information examines the evolution of option pricing models leading up to and beyond Black and Scholes' model. The Black and Scholes Option Pricing Model didn't appear overnight. Actually, Fisher Black started out working to create a valuation model for stock warrants. This work involved calculating a derivative to measure how the discount rate of a warrant varies with time and stock price. The result of this calculation held a striking resemblance to a well-known heat transfer equation... There are still many things to know more about the history and origin of option pricing models. I hope from the short brief you will find it interest and want to get to know more at Time Means Money. Also, ever wonder what is an option, the basic definition we need to know when we start trading options, you can learn from there. I hope to see you there.