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In-The-Money (ITM)

Option with intrinsic value

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What is In-The-Money (ITM)?

In-The-Money (ITM) An option with intrinsic value. For calls: stock price above strike. For puts: stock price below strike. ITM options have delta closer to 1 (or -1 for puts).

Complete definition

An option with intrinsic value. For calls: stock price above strike. For puts: stock price below strike. ITM options have delta closer to 1 (or -1 for puts).

Example

AAPL at $155. The $150 call is $5 in-the-money.

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By Ryan Silk & Lawrence Polatchek Last reviewed . Methodology is published in full.

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