After a brief discussion about understanding the P/L components of Anthony's Covered Call in QQQ, Dr. Jim takes Anthony to the trade tab. There, they build on yesterday's discussion and discuss how the option's price translates into intrinsic and extrinsic value. What Anthony learns today is that the intrinsic value measures the option's current "worth" (to the long side), while the extrinsic value is anything over and above that intrinsic value
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