Chapter 03 · Section 3.1

The Time Value of an Option

At maturity, the time value of an option (put or call) is equal to:

a) the intrinsic value.
• b) zero.
  Yes. There is no remaining time value at the expiration date because there is no opportunity for the underlying asset price to move - the option has expired! Continue
  c) the premium.
  d) None of the above.

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