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The American Heritage Dictionary of Business Terms » in-the-money
in-the-money
in-the-money definition - business
in-the-money
Used to describe a call (put) option that has a strike price that is less (more) than the price of the underlying asset. If Convergys common stock is trading at $25 per share, a call option on Convergys with a strike price of $23 is in-the-money. Compare at-the-money. See also out-of-the-money.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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