2. Prepositional phrase. (finance) For an option, having a strike price which makes it profitable to exercise. For a call this is a strike below the market price, or for a put a strike above the market price. ¹
¹ Source: wiktionary.com
2. Prepositional phrase. (finance) For an option, having a strike price which makes it profitable to exercise. For a call this is a strike below the market price, or for a put a strike above the market price. ¹
¹ Source: wiktionary.com