{"id":45193,"date":"2023-03-23T15:40:49","date_gmt":"2023-03-23T14:40:49","guid":{"rendered":"https:\/\/staging.captrader.com\/glossar\/der-innere-wert-einer-option\/"},"modified":"2024-03-27T15:20:59","modified_gmt":"2024-03-27T14:20:59","slug":"the-intrinsic-value-of-an-option","status":"publish","type":"glossar","link":"https:\/\/www.captrader.com\/en\/glossar\/der-innere-wert-einer-option\/","title":{"rendered":"Intrinsic value of an option"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The price of a <a href=\"https:\/\/www.captrader.com\/en\/glossary\/what-are-options\/\" data-type=\"URL\" data-id=\"https:\/\/www.captrader.com\/glossar\/was-sind-optionen\/\">Option<\/a> consists of two components: the intrinsic value and the extrinsic value (also called time value). While the time value decreases continuously until the expiration date and falls to zero, the intrinsic value of the option on the expiration date determines whether a profit is made or whether the option expires worthless. In this article you will learn what&nbsp;<strong>the intrinsic value of an option<\/strong>&nbsp;is and how you can use this&nbsp;<strong>calculate<\/strong>&nbsp;can.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is the intrinsic value of an option?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The intrinsic value of an option corresponds to the value of the option it would have had if immediately&nbsp;<strong>Exercise<\/strong>&nbsp;has or would have. The intrinsic value is therefore higher the deeper the option is in the money. At The Money and Out Of The Money options have no intrinsic value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to their intrinsic value, options also have a&nbsp;<strong>outer value<\/strong>&nbsp;(time value). This can be understood as the market's premium, which comes about because the option has the potential to run into the money or even deeper into the money during the remaining term (i.e. to acquire or increase an intrinsic value) and market participants are willing to pay a price for this potential.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How to calculate the intrinsic value?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The intrinsic value is the&nbsp;<strong>Difference between the price of the underlying and the strike price of the option<\/strong>. However, this can only be calculated for options that are in-the-money, since options that are at-the-money or out-of-the-money have no intrinsic value. (The intrinsic value cannot be negative).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The intrinsic value of a <a href=\"https:\/\/www.captrader.com\/en\/glossary\/glossary-call-option\/\" data-type=\"URL\" data-id=\"https:\/\/www.captrader.com\/glossar\/glossar-call-option\/\">Call option<\/a> amounts:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Intrinsic value (call) = price underlying - strike price option<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The intrinsic value of a <a href=\"https:\/\/www.captrader.com\/en\/glossary\/glossary-put-options\/\" data-type=\"URL\" data-id=\"https:\/\/www.captrader.com\/glossar\/glossar-put-optionen\/\">Put option<\/a> amounts:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Intrinsic value (put) = strike price option - underlying price<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQ - Frequently asked questions about the intrinsic value of an option<\/h2>","protected":false},"author":7,"featured_media":0,"template":"","class_list":["post-45193","glossar","type-glossar","status-publish","hentry"],"acf":{"blog_summary":"","blog_faq_schalter":"ja","faq_uberschrift":"","blog_faq_loop":[{"blog_faq_question":"Was ist der innere Wert einer Option?","blog_faq_answer":"Der innere Wert einer Option enstpricht der Differenz zwischen dem\u00a0Basispreis\u00a0der Option und dem aktuellen Kurs des Underlyings und dr\u00fcckt aus, wie viel die Option bei einer sofortigen Aus\u00fcbung wert w\u00e4re."},{"blog_faq_question":"Was ist der Zeitwert einer Option?","blog_faq_answer":"Der Zeitwert einer Option entspricht der Differenz zwischen dem Optionspreis und dem\u00a0Basispreis\u00a0inneren Wert einer Option. Bis zum Verfallstermin der Option f\u00e4llt der Zeitwert auf null."},{"blog_faq_question":"Was ist eine Optionspr\u00e4mie?","blog_faq_answer":"Als Optionspr\u00e4mie bezeichnet man den Preis einer Option. Diese wird vom Optionsk\u00e4ufer an den Optionsverk\u00e4ufer gezahlt. Der Begriff \u201c<a href=\"https:\/\/www.captrader.com\/glossar\/optionspraemie\/\">Pr\u00e4mie<\/a>\u201d bringt zum Ausdruck, dass Optionen eine Art Versicherungscharakter aufweisen."},{"blog_faq_question":"Was bedeutet Moneyness?","blog_faq_answer":"Als Moneyness bezeichnet man das Verh\u00e4ltnis eines Basispreises einer Option zum aktuellen Kurs des Underlyings. Optionen k\u00f6nnen In The Money (im Geld), At The Money (am Geld) oder Out Of The Money (aus dem Geld) liegen."},{"blog_faq_question":"Was ist der Basispreis einer Option?","blog_faq_answer":"Der Basispreis einer\u00a0Option, ist der Preis\/Kurs des Underlyings, zu dem das Underlying im Falle einer Optionsaus\u00fcbung gekauft oder verkauft wird. Der Basispreis wird auch als Aus\u00fcbungspreis oder Strike bezeichnet."}]},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar\/45193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/glossar"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=45193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}