为啥没有TIME VALUE

问题如下：

At expiration, an option that is in the money will most likely have:

选项：

A.

time value, but no exercise value.

B.

exercise value, but no time value.

C.

both time value and exercise value.

解释：

B is correct. At expiration, options have no time value; if they are in the money, they have exercise value.

A is incorrect. At expiration, options have no time value.

C is incorrect. At expiration, options have no time value.