Everyone knows about Craigslist, but the site is actually home to many different local versions. There’s something unique to every city and its quirks, which makes their local Craigslist stand out from the rest. If you’re new to Pittsburgh, or just looking for a side of it that isn’t presented...

The intrinsic value of an option is the difference between the price of the underlying asset in the market and the exercise price. Intrinsic value is always positive. When the difference between the price of the underlying asset and the strike price is negative, the intrinsic value equals 0. At expiration, the intrinsic value is the value of the option.