If Domo Software (DOMO) is trading at 43 and the DOMO Apr 40 call is trading at 4, what is the intrinsic value and time value of the call premium?

The option is in-the-money by 3 points because the strike price on the call is 40 and the market price is 43. This sets the minimum premium of $3 per share. Because the actual premium is 4, the balance of 1 represents the time value.