Option Contracts - Details

So, I’m very new to Options Investing and don’t understand some things:

  1. Why for most options the time value and close price are equal. Does that imply there is no intrinsic value.

  2. If there is intrinsic value for the option, that is changing right?, so can we also sell the options we purchase after their intrinsic value would increase since options can be much higher profits and magnify changes in prices of the underlying stock.

  3. For a lot of the options it writes the breakeven percentage as negative, which is… confusing for beginners, cause that means constant profit which isn’t possible??

yes, i am an idiot, pls help. Thanks