Okt03@32 price: 1.90, underlying: 32.7,
intrinsic value = (32.7-32) .7, premium is (1.9-.7) = 1.2, to be decayed in 1 month, so, monthly decay 1.2/1 = 1.2
Okt05@32 price: 9.00, underlying: 32.7,
intrinsic value = (32.7 -32) = .7, premium is (9-.7) = 8.3, to be decayed in 24 months, so...