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Option Value Calculator

Split any option premium into intrinsic and extrinsic (time) value, and see its moneyness. Enter spot, strike, premium and type.

Quick answer: Intrinsic value is how deep an option is in-the-money; extrinsic (time) value is the rest of the premium. This tool splits any premium into the two and tells you whether the option is ITM, ATM or OTM.

SpotStrike

Premium (₹)Type

How to use it

Enter the spot, strike, the option's current premium and whether it is a call or put. The tool computes intrinsic value (the in-the-money amount, floored at zero), extrinsic/time value (premium minus intrinsic) and the moneyness. At expiry, only intrinsic value remains.

Frequently asked questions

What is intrinsic and extrinsic value?

Intrinsic value is how far an option is in-the-money (spot minus strike for a call, strike minus spot for a put, floored at zero). Extrinsic (time) value is the rest of the premium — what you pay for time and volatility.

How much of my premium is time value?

Subtract intrinsic value from the premium. This tool does it for you. Out-of-the-money options are entirely time value; deep in-the-money options are mostly intrinsic value.

What happens to time value at expiry?

It goes to zero. At expiry an option is worth only its intrinsic value, which is why out-of-the-money options expire worthless.

What does moneyness mean?

Moneyness describes an option's position relative to its strike: in-the-money (has intrinsic value), at-the-money (spot near strike) or out-of-the-money (no intrinsic value).

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