If the current price of a stock is below the strike price, then an option to buy the stock is worthless and will have a zero value.

Name: If the current price of a stock is below the strike price, then an option to buy the stock is worthless and will have a zero value.
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An option to buy a stock (a call option) may still have time value even if the current price of the stock is below the strike price, as there is potential for the stock price to rise above the strike price before the option expires.

If the Current Price of a Stock Is Below the Strike