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letamp;#39;s look at some of the mathematics behind option contracts so intrinsic value for call position so this is opening an open of buying a call contract for a stock option so intrinsic value formula or we saw from the textbook is going to be stock price - strike price equals intrinsic value if the stock price though is lower than the strike the strike price and the result of that calculation is a negative intrinsic value should be 0 0 so I never want to have a negative as an intrinsic value so this contract clearly has no intrinsic value because the stock price is lower than the strike price so I can actually put in an if statement here to simulate this so I could say if if stock price is greater greater than strike price and if thatamp;#39;s true then c5 - if false 0 ok so since the stock price is not higher than the strike price to put in 0 so that way I want to use an if statement not our straight-up calculation is I put a negative value in there so time value is going to be