BS info in OIC FAQ

Not me! For me premium has always been the current market value (ie. the current price) of the option.

I believe in pragmatic land we call that "price."

Seeing as price has different components to it (vega, theta) that add premium in addition to the INTRINSIC value then premium makes sense to a lot of people as EXTRINSIC. This is even more significant ITM or ATM.
 
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