{"slug":"what-are-call-options","qid":"moneyness","label":"The $740 call split into intrinsic and time value, five key sessions","post_title":"What Are Call Options?","post_url":"/blog/what-are-call-options#q-moneyness","columns":["date","call_price","intrinsic_value","time_value"],"rows":[{"date":"2026-05-01","call_price":7.22,"intrinsic_value":0,"time_value":7.22},{"date":"2026-05-14","call_price":20.48,"intrinsic_value":7.65,"time_value":12.83},{"date":"2026-06-02","call_price":23.5,"intrinsic_value":19.63,"time_value":3.87},{"date":"2026-06-10","call_price":3.17,"intrinsic_value":0,"time_value":3.17},{"date":"2026-06-15","call_price":15.41,"intrinsic_value":13.91,"time_value":1.5}],"shape":"series","sql":"SELECT date,\n       round(option_close, 2) AS call_price,\n       round(greatest(underlying_close - 740, 0), 2) AS intrinsic_value,\n       round(option_close - greatest(underlying_close - 740, 0), 2) AS time_value\nFROM global_markets.options_greeks\nWHERE ticker = 'O:SPY260618C00740000'\n  AND date IN ('2026-05-01', '2026-05-14', '2026-06-02', '2026-06-10', '2026-06-15')\n  AND implied_volatility > 0.02\nORDER BY date","computed_at":"2026-07-16T09:34:00.006084+00:00","elapsed":0.001717665}