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In the CSS box model, the margin is always opaque._________________________
Time Value
The portion of an option's price that exceeds its intrinsic value, representing the potential for additional value based on time remaining until expiration.
Out-of-the-money
A term used in options trading to describe an option that would not profit if exercised immediately, i.e., a call option with a strike price above the underlying asset's price or a put option below it.
In-the-money
An option is in-the-money when it has intrinsic value, meaning for a call option, the market price is above the strike price, and for a put option, below the strike price.
Black-Scholes Model
A mathematical model used for pricing European-style options and assessing the options' market value based on factors such as volatility, risk-free rate, and time to expiration.
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