If an option has no intrinsic value meaning the strike price and the market price are equal, it might still have extrinsic value if there's enough time left before expiration to make a profit. As a result, the amount of time value that an option has an impact on an option's premium.

Which type of money has no intrinsic value?

Fiat money is a currency (a medium of exchange) established as money, often by government regulation. Fiat money does not have intrinsic value and does not have use value. It has value only because a government maintains its value, or because parties engaging in exchange agree on its value.

Is there no intrinsic value?

People are drawn to such NFTs because of their intrinsic value where the owner of the NFT holds the blockchain proof of ownership. This gives a sense of distinction and determines the premium value of an NFT.