The result for a sum of all interior angles for #N#-sided convex polygon is #N*180^o - 360^o = (N-2)*180^o# In #N#-sided regular polygon all #N# angles are equal, so each is equal to #((N-2)/N)*180^o# For #N=9# this gives a measure of one interior angle of a regular 9-sided polygon: #((9-2)/9)*180^o = 140^o#
The intrinsic, or gross, value of an option is the amount the option is in the money. For example, if you have the option to pay $10 per share for a stock that trades for $15, the option has an intrinsic value of $5 per share.
An option's time value is equal to its premium (the cost of the option) minus its intrinsic value (the difference between the strike price and the price of the underlying). As a general rule, the more time that remains until expiration, the greater the time value of the option.