Why Is Intrinsic Value Always Non-Negative?

Intrinsic value is always non-negative because it is defined as the immediate profit if the option were exercised. If exercising would result in a loss (i.e. the option is OTM), the holder simply chooses not to exercise, and the intrinsic value is considered zero.

It cannot be a negative number by definition.

Why Is the Early Exercise Boundary Generally Not Reached for a Call Option on a Non-Dividend Asset?
How Does a Miner Use a Put Option to Protect the Value of Their Mined Coins?
Why Is Early Exercise Generally Not Optimal for an American Call Option on a Non-Dividend-Paying Asset?
Can an Option Holder Choose Not to Exercise an In-the-Money American Option?
Why Would an American Option Holder Choose to Exercise Early?
Why Is the Intrinsic Value the Floor Price of an Option?
Why Would an Investor Choose to Exercise a Deep-in-the-Money Option Early?
Can an Option Have a Negative Intrinsic Value?

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