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   In the Money
   















 

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In the Money

A term referring to an option which has intrinsic value because the current market price of the underlying exceeds the strike price of a call or is below the strike price of a put. For example, a call exerciseable at $100 is said to be 3 points in the money when the underlying bond is selling at $103. See also At the Money, In-the-Money Forward, Out of the Money.

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