What is the intrinsic value and time value of the options below. (1).St $32,X-$30, C $5.30 (2). St $108,X- $110, C $2.15; (3). St $55, X $65,P $14.65; 4). St $83,x $75, P- $3.85; 4. 5. For deep OTM or ITM options, the time value is very low or there is no time value. Why