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English definition of “at-the-money option”

at-the-money option

noun [C]     STOCK MARKET
an option (= right to buy or sell shares , etc.) that has no value because shares can be bought or sold at their present price : By definition , all at-the-money and out-of-the-money options have intrinsic values of zero. → Compare in-the-money option, out-of-the-money option
(Definition of at-the-money option noun from the Cambridge Business English Dictionary © Cambridge University Press)
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