system
A chat on subreddit /r/wallstreetbets
human
ITM options also have extrinsic value. Just look at the same strike with further and further expirations. The price continues to go up because the extrinsic value increases even though though the intrinsic value stays the same.

gpt
I didn't say ITM only had intrinsic. Just that to be ITM it needs to have some intrinsic value.