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Which of the following statements are true/false: I: A call option with a strike price less than the current stock price has zero intrinsic value

Which of the following statements are true/false:

I: A call option with a strike price less than the current stock price has zero intrinsic value but is still valuable.

II: A put option with a strike price less than the current stock price has zero intrinsic value but is still valuable.

A.

I is true, II is false

B.

I is false, II is true

C.

I and II are both false

D.

1 and II are both true

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