How much of this option's premium is time value versus intrinsic value?

How this is calculated

• Intrinsic value is what an option would be worth if you exercised it right now. For a call it's the stock price minus the strike, floored at zero. For a put it's the strike minus the stock price, floored at zero.
• Extrinsic value is everything else you're paying for, mainly time until expiration and implied volatility. It equals the premium minus intrinsic value.
• Extrinsic value decays toward zero as expiration approaches. Use the theta decay calculator to estimate roughly how much of that decay happens per day at current conditions.
• Out-of-the-money options have zero intrinsic value by definition. Their entire premium is extrinsic (time) value.
• This is a snapshot based on the stock price and premium you entered. Both change constantly during market hours, so re-run this with fresh numbers before relying on it.