What is meant by the terminology that an option is in-, at-, or out-of-the-money?

Question:

What is meant by the terminology that an option is in-, at-, or out-of-the-money?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Financial Management

ISBN: 978-0078034657

6th Edition

Authors: Cheol S. Eun, Bruce G.Resnick

Question Posted: