BSM formula and the Black Model

CFA Level II
#1

Anyone know if we have to memorize the BMS formula for pricing calls and put?

Also do we have to know the Black Model to price European options on futures?

Do any of the LOS state that we have to be able to calculate these??

Thanks!

#2

No you don’t have to memorize these formulas. But you have to know the assumption, limitations and the greeks

#3

Nice, thanks!