# Stock/Futures put options

How do you find out how much a put contract would cost?

Example:

The premium for a 99.00 Eurodollar futures put option is 0.55 and the spot price is 98.51

So I have the intrinsic value which is \$1225, but I am not sure how to compute the time value and how much that put contract would cost. Still trying to understand options.

Thanks.

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