The amount an option is in the-money, calculated by taking the difference between the strike price and the market price of the underlying futures contract when the option is "in-the-money." A COMEX 350 gold futures call has an intrinsic value of $10 if the underlying gold futures contract is at $360/ounce.
INTRINSIC VALUE
Meaning of INTRINSIC VALUE in English
A guide to futures and options market technology English dictionary. Английский словарь-руководство по фьючерсам и опционам рыночных технологий . 2012