Most beginners stare at an options chain and see random numbers. A 95 put for $5. A 95 call for $11. No idea why they are different or where those prices come from.Every option price is made of exactly two things: intrinsic value and extrinsic value. That is the entire puzzle. Once you understand both, the numbers stop being random. Dr. Jim Schultz breaks it down live on AMD with in the money and out of the money examples on both calls and puts. Helpful links: tastylive: tastylive.com Get Tom's pre-market analysis every morning: tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X: x.com/tastyliveshow CHAPTERS: 00:00 Episode 6: Two Pieces to the Puzzle 00:28 Intrinsic Value: Built-In Worth Right Now 01:11 Call With Intrinsic: Stock Above the Strike 02:44 Put With Intrinsic: Stock Below the Strike 03:56 Out of the Money: Intrinsic Is Always Zero 04:12 Extrinsic Value: Everything Else 04:32 Uncertainty Has a P...