期权的时间价值对执行或出售期权决策的影响

Option time value's influence on executing or selling option decision

期权的时间价值经常被一些作者默认为正值,期权的时间价值能为负值吗?本文对此作了深入的分析,给予了肯定的回答。并且分析了期权的时间价值对期权是执行还是出售这一决策的影响。

The time value of options was often viewed as the positive value by some authors, but could it be negative？ This paper made an in-depth analysis and gave a positive answer. Finally we analyzed the impact of the time value of options on the decision-making of executing or selling it.