Options
In-the-Money (ITM)
An option with intrinsic value: a call is ITM when the underlying price exceeds the strike; a put is ITM when the underlying is below the strike. ITM options cost more but have a higher probability of profitable exercise.
Options
An option with intrinsic value: a call is ITM when the underlying price exceeds the strike; a put is ITM when the underlying is below the strike. ITM options cost more but have a higher probability of profitable exercise.