The time value of an option is the

1.minimum value of the option.

2.option premium value.

3.value due to expectations that the price of the underlying security will rise above the strike price.

4.difference between the price of the underlying security and the strike price.

The intrinsic value of an option is the

1.value due to expectations that the price of the underlying security will rise above the strike price.

2.option premium value.

3.minimum value of the option.

4.difference between the price of the underlying security and the strike price.