Abstract:Based on the Partial Distribution and the Partial Process,this paper presents the DF structure of strike price of option for the first time,and gives the DF structure pricing models,the constructive analytic models for options pricing on a non-dividend-paying stock.The models can be used in the pricing of both call options and the put options exercised at any time before the expiration.Hence,they are applicable to the pricing the American call and put option the European call and put options.The final empir...