Moneyness
The relationship between an option's strike price and the underlying price.
Full Definition
ITM options have intrinsic value, ATM options are at the current price, and OTM options have only extrinsic value.
The relationship between an option's strike price and the underlying price.
ITM options have intrinsic value, ATM options are at the current price, and OTM options have only extrinsic value.