The article explores how the Black-Scholes-Merton model can be used to assess the value and risk of stocks on the Ghana Stock Exchange. By applying this model to 28 listed companies, it was found that 18 stocks had zero value for call options, indicating they may not be suitable for trading financial derivatives due to low volatility. Only seven companies had values for both call and put options, suggesting they could be viable assets for trading. The study recommends implementing policies to increase market volatility to enable option pricing on the exchange.