Intrinsic value

Intrinsic value can refer to:Intrinsic value (finance), of an option or stock.Intrinsic value (numismatics), of a coin.Intrinsic value (ethics), in philosophy.Intrinsic theory of value, an economic theory of worth.
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The present value of a firm's expected future net cash flows discounted by the required rate of return .

The amount by which an option is in-the-money. An option which is not in-the-money  has no intrinsic value.

The amount an option is in the-money, calculated by taking the difference between the strike price and the market price of the underlying futures contract when the option is "in-the-money." A COMEX 350 gold futures call has an intrinsic value of $10 if the underlying gold futures contract is at $360/ounce.