The time value is asymmetric in value as you move away from the strike price. (I.e., the time value at two cents above the strike price is not necessarily the same as the time value two cents below the strike price.)

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The Answer of The time value is asymmetric in value as you move away from the strike price. (I.e., the time value at two cents above the strike price is not necessarily the same as the time value two cents below the strike price.)

The Time Value Is Asymmetric in Value as You Move