Reply #50: Understanding the valuations of derivatives

[Lucky Luciano]

is not necessary for understanding this mess we are in. You can state Ito's Lemma without proof with some of the intuition (and none of the rigor) for Brownian Motion. Then you can show the solution to the differential equation used to solve the Black Scholes formula without really showing where the solution comes from. It is good to show where that formula comes from, but all that can be done in two lectures if a lot of the rigor is left out - and that would suffice.