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This article proposes a convenient, easy to use closed-form solution for the pricing of a European Call option where the underlying asset is subject to upward and downward jumps displaying separate distributions and probabilities of occurrence. The setup presented in this article lies in contrast with the assumption of lognormality in the jump magnitude generally made in the option pricing literature and can be used by academics and practitioners alike as it allows for a more precise modelingdoi:10.2139/ssrn.462023 fatcat:6qqd4w3uevajho43jpzjg233uu