Intrinsic (Function)

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The Intrinsic function calculates the difference between the option’s strike price and the price of the underlying asset, which determines how much an option is in-the-money.

Syntax

Intrinsic(Price, OptType, StrikePr)

Returns (Double)

A numeric value representing the intrinsic value of an option.

Parameters

Name	Type	Description
Price	Numeric	Specifies which bar value (price, function, or formula) to be considered for the underlying asset.
OptType	Numeric	Sets if it is a Put or Call option. Put or 2 = Puts; Call or 3 = Calls.
StrikePr	Numeric	Sets the strike price of the option.

Example

Assigns to Value1 the intrinsic value of a Call option.

Value1 = Intrinsic(Close, 3, GenerateStrike(2, 2.5));