Question: A put option is said to be ________ when the stock price is less than the strike price. in-the-money at-the-money out-of-the-money near-the-money between-the-money

A put option is said to be ________ when the stock price is less than the strike price.

in-the-money

at-the-money

out-of-the-money

near-the-money

between-the-money

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