Call Option vs Intrinsic Value

A financial contract granting the buyer the right, but not the obligation, to purchase an underlying cryptocurrency asset at a predetermined strike price on or before expiry; buyer pays premium upfront; profit occurs when spot price exceeds strike plus premium.

The immediate exercise value of an options contract if exercised today; for a call option: max(0, spot price − strike price); for a put option: max(0, strike price − spot price); an option with intrinsic value is in-the-money.