A put option has a premium of $3.50 with a strike of $52. The stock currently is priced at $50. What is the intrinsic value of the put option? What

What is the time value of the put option?

Strike price=$52Premium=$3.50Underlying price=$50Intrinsic value of put option=strike price-underlying price= 52-50=$2.0Time value of put option= premium-intrinsic value= 3.5-2.0= $1.5