The components of the premium
Long Call Option Value
The time value of an option
Influence in the time value-Summary
Pricing summary
The Time Value of an Option
Time Remaining Before Expiration
The time value of a put option 1
The time value of a put option 2
Long Put Option Value
Option maturity
Minimum vs. Intrinsic Value

Options, especially American options, are usually quoted at a price higher than their intrinsic value. This is because of the opportunity for the price of the underlying asset to rise or to decline before maturity.