ione oT the above 16. The time value of an option is also referred to as the a. synthetic value b. strike value d. e. speculative value parity value none of the above True or False: 1. The exercise price is also called the striking price. 2. An out-of-the-money call option has an exercise price less than the stock price. . A put option increases in value when the stock price decreases. 4. Exercise prices are set in $5 increments for options on exchanges 5. Most investors close their positions by exercising their options