Jump Intensity

Key Jump Intensity in Merton76 Model refers to the value of the parameter λ representing the intensity of the poisson process Ν in the SDE: dS = (α-λk)Sdt + σSdB + JSdN
It equals the mean annual frequency of the underlying price jumps.
Set it to 0 to remove the effect of jumps, regardless of the entries in Mean Log Jump Factor and Vol Log Jump Factor.