Grandfather is related to Old. Old is the opposite of Age. Age is related to Teen. Teen is related to Party. 
Premium is the opposite of Bad. Bad is a type of Quality. Quality is related to Smell. 
Grandfather <--RelatedTo--> Old <--Antonym--> Age <--RelatedTo--> Teen <--RelatedTo--> Party 
Premium <--Antonym--> Bad --IsA--> Quality <--RelatedTo--> Smell 