Question: A put option is in-the-money when: there is no put option with a lower exercise price in the expiration series the stock price is lower

 A put option is "in-the-money" when: there is no put option

A put option is "in-the-money" when: there is no put option with a lower exercise price in the expiration series the stock price is lower than the exercise price of the option the stock price is higher than the exercise price of the option

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