The put option is out- of- the- money.
An out of the money (OTM) option has no intrinsic value, but only possesses extrinsic or time value. OTM options are less expensive than in the money options.
Out of the money is also known as OTM, meaning an option has no intrinsic value, only extrinsic value. A call option is OTM if the underlying price is trading below the strike price of the call. A put option is OTM if the underlying's price is above the put's strike price.
To learn more about Extrinsic value,
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