Which of the Following Statements Is Incorrect

Which of the following statements is incorrect?

A) Put options pay off when the asset price drops below the strike price.
B) Put options are worthless when the asset price is above the strike price.
C) When a put option is deep in the money its price approaches its intrinsic value.
D) An increase in the risk of the underlying asset decreases the value of the put option.
E) Intrinsic value of a put option = Maximum {exercise price - value of the underlying, 0}