Basics
In-The-Money (ITM)
Option with intrinsic value
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.
Related Terms
Want to Learn More?
Explore our educational resources and analytics tools to deepen your understanding.