[Quantlib-users] Role of the "stepsPerYear" parameter when pricing European Basket Options

[Rishi S. <ris...@gm...>]

Hi, very happy to have found this list!

I am a beginner in quantitative finance and just started learning about
options pricing for a project at work.

I was using the code given here (
https://quantlib-python-docs.readthedocs.io/en/latest/pricing_engines.html#basket-options)
to price a vanilla European call min-basket option, but couldn't understand
the role of the 'stepsPerYear' parameter.

1.) On running the calculations, I found that the stepsPerYear parameter
has zero influence on the price of the option. Could someone please explain
why that is so? [attaching a plot of the option price vs stepsPerYear with
this email]

2.) How is the stepsPerYear parameter also different from the *timeSteps *
parameter?

3.) What are some options for which the price does depend on the
stepsPerYear parameter?

Thank you so much for looking into this!
Cordially,
Rishi