You own (are long) a call option on IBM stock with a strike price (K)...
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Finance
You own (are long) a call option on IBM stock with a strike price (K) of $110 per share with 3 months till expiration, currently IBM's stock price is trading at $100 per share. The option price (premium) is currently $3 a share, what is the time value of this option?
A.
$13
B.
$3
C.
$10
D.
$0
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